This image is randomly selected and doesn’t necessarily represent the company or the news below.


Kodal Minerals PLC (KOD.L), a West Africa-focused mineral explorer and developer, has successfully completed a USD117.8 million funding transaction for the Bougouni lithium project. The deal, previously established with Hainan Mining Co Ltd and its UK subsidiary Xinmao Investment Co Ltd, ensures full funding for the project’s development and the start of production in Mali. Additionally, it bolsters ongoing exploration and development programs aimed at expanding the project.

The funding includes a USD17.8 million equity investment by Hainan Group into Kodal Minerals, granting them a 15% stake in the company. Moreover, Hainan Group has committed a USD100 million investment into Kodal’s subsidiary, Kodal Mining UK Ltd.

For further information, please contact newsroom@alliancenews.com.

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Company Website: https://www.kodalminerals.com

Source

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News