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Ookami Ltd. ( (AU:FL1) ) has provided an update.
First Lithium reported that renewal of its outstanding exploration licences in Mali remains pending, with the Malian government now expected to process the applications at ministry meetings in the June 2026 quarter. The government has acknowledged receipt of all required information from the company, and First Lithium’s teams and consultants remain in close contact with authorities to finalise the renewals.
The planned maiden Mineral Resource Estimate for the company’s project is also delayed, with consultants now targeting completion in the June 2026 quarter once licence renewals are issued. The company ended the March quarter with a cash balance of $0.122 million and is in discussions for additional funding, while it continues progressing the conversion of loan notes to support its capital structure.
More about Ookami Ltd.
First Lithium Limited is an ASX-listed resources company focused on lithium exploration and development in Mali. The company is advancing a lithium project that is progressing toward a maiden Mineral Resource Estimate, with its operations dependent on the renewal of key exploration licences by the Malian government.
Average Trading Volume: 47,620
Technical Sentiment Signal: Hold
Current Market Cap: A$15.21M
See more insights into FL1 stock on TipRanks’ Stock Analysis page.