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Kodal Minerals Issues 92.5m New Shares After Management Exercises Options

Story Highlights
  • Kodal Minerals executives exercised options and share rights, issuing 92.5m new shares and raising modest funds.
  • Post-admission, total shares will exceed 20.37bn, slightly diluting holders while increasing management’s equity stake.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kodal Minerals Issues 92.5m New Shares After Management Exercises Options

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The latest update is out from Kodal Minerals ( (GB:KOD) ).

Kodal Minerals has announced the exercise of options and performance share rights by its chief executive Bernard Aylward and Mali and Cote d’Ivoire country manager Mohamed Niare, triggering the issue of 92.5 million new ordinary shares and raising £49,062.50 in subscription proceeds. Following admission of the new shares to AIM, expected around 4 February 2026, the company’s issued share capital will increase to 20,373,199,594 ordinary shares with the same number of voting rights, while Aylward’s holding will rise to 416,364,799 shares, or 2.04% of the enlarged share base, slightly diluting existing shareholders but signalling continued management alignment with the company’s expanding West African lithium operations.

The most recent analyst rating on (GB:KOD) stock is a Hold with a £0.46 price target. To see the full list of analyst forecasts on Kodal Minerals stock, see the GB:KOD Stock Forecast page.

Spark’s Take on GB:KOD Stock

According to Spark, TipRanks’ AI Analyst, GB:KOD is a Neutral.

The score is weighed down most by weak financial performance (pre-revenue operations, ongoing losses, and negative free cash flow), partially offset by a debt-free balance sheet. Technicals are comparatively supportive with price trading above major moving averages and positive momentum indicators, while valuation remains pressured due to negative earnings and no provided dividend yield.

To see Spark’s full report on GB:KOD stock, click here.

More about Kodal Minerals

Kodal Minerals plc is an AIM-quoted West African lithium explorer, developer and producer, best known as co-developer of the Bougouni Lithium Project in southern Mali alongside joint venture partner Hainan Mining, part of Fosun International. The project, located in Mali’s Birimian terrain, already has a Stage 1 Dense Media Separation plant producing spodumene concentrate and targets 125,000 tonnes per annum of Li₂O, with a Stage 2 flotation plant planned for 2028 to lift output to 230,000 tonnes per annum; Kodal also holds a portfolio of prospective gold assets in West Africa.

Average Trading Volume: 93,777,609

Technical Sentiment Signal: Strong Buy

Current Market Cap: £86.8M

Find detailed analytics on KOD stock on TipRanks’ Stock Analysis page.

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