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Kodal Minerals ( (GB:KOD) ) has shared an announcement.
Kodal Minerals has received an export permit for its Bougouni Lithium Project in Southern Mali, allowing for the export of 125,000 tonnes of spodumene concentrate. This development marks a significant step forward for the project and Mali’s spodumene industry, with the support of the Mali Ministry of Mines. The project has also secured a transport contract with a Malian company and will adhere to local content laws and tax regulations.
The most recent analyst rating on (GB:KOD) stock is a Buy with a £1.00 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.
Kodal Minerals is at a transitional stage with a strong balance sheet and recent progress in lithium production. However, the lack of revenue and negative cash flows are primary concerns. The stock may be undervalued, presenting potential upside if operational improvements are realized. Corporate events positively impact the outlook, but technical indicators remain neutral to bearish.
To see Spark’s full report on GB:KOD stock, click here.
More about Kodal Minerals
Kodal Minerals is a mineral exploration and development company focused on the mining sector, specifically involved in the production of spodumene concentrate at the Bougouni Lithium Project in Southern Mali. The company holds a 49% share in the local mining operation, Les Mines de Lithium de Bougouni SA, which is a subsidiary of Kodal Mining UK Limited.
Average Trading Volume: 55,894,062
Technical Sentiment Signal: Hold
Current Market Cap: £72M
For a thorough assessment of KOD stock, go to TipRanks’ Stock Analysis page.