Kodal Minerals Advances Lithium and Gold Projects

Kodal Minerals (GB:KOD) has released an update.

Kodal Minerals PLC has announced the successful financing and ongoing development of its Bougouni Lithium Project in Mali, with construction well underway and first production expected by the end of 2024, positioning the company to become West Africa’s first London-listed lithium producer. The company also reported a significant increase in mineral resources, strong financial growth with a 266% increase in net assets, and the implementation of community-focused ESG initiatives. Additionally, Kodal Minerals is advancing its gold projects in West Africa and has been bolstered by strategic investments from Hainan Mining Co., part of Fosun International Ltd.

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