Kodal Minerals ( (GB:KOD) ) has shared an update.
Kodal Minerals has announced significant progress at its Bougouni Lithium Project in Mali, with the construction nearing completion and the production of over 11,000 tonnes of spodumene concentrate. The company is ramping up towards commercial production, but the transfer of the mining license is pending final approval from the President of Mali. This delay has led to a request for an extension on a payment to the Mali government. The project has demonstrated strong local engagement, employing a high percentage of Malian workers, and is expected to enhance local infrastructure with new road construction.
More about Kodal Minerals
Kodal Minerals is a mineral exploration and development company focused on the mining sector. The company is involved in the Bougouni Lithium Project in Southern Mali, where it owns a 49% interest through its subsidiary Kodal Mining (UK) Ltd. The project is centered on lithium spodumene concentrate production, a key material for battery manufacturing, with a market focus on exports to China.
YTD Price Performance: -14.78%
Average Trading Volume: 47,770,450
Technical Sentiment Signal: Sell
Current Market Cap: £83.01M
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