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Pin to quick picksKodal Minerals Share News (KOD)

Share Price Information for Kodal Minerals (KOD)

London Stock Exchange
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Share Price: 0.435
Bid: 0.43
Ask: 0.44
Change: 0.00 (0.00%)
Spread: 0.01 (2.326%)
Open: 0.00
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Low: 0.00
Prev. Close: 0.435
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AIM WINNERS & LOSERS: Kodal Minerals rises on mining licence

Mon, 08th Nov 2021 11:28

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Kodal Minerals PLC, up 19% at 0.43 pence, 12-month range 0.065p-0.50p. The southern Mali and Ivory Coast-focused miner says it has been granted a mining licence for its flagship Bougouni lithium project in Mali. The project is now fully permitted for development with the previous approval of the Environmental & Social Impact Assessment in November 2019 it adds.

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Katoro Gold PLC, up 14% at 1.03p, 12-month range 0.70p-2.70p. The gold and nickel exploration and development company raises GBP815,000 in a placing of 81.5 million shares at 1.00p each.

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Yu Group PLC, up 13% at 237.00p, 12-month range 81.11p-390.00p. The supplier of gas, electricity and water to the UK business market says it has been selected by Ofgem as supplier of last resort for collapsed energy business Ampoweruk.

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AIM - LOSERS

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Galileo Resources PLC, down 12% at 1.14p, 12-month range 0.77p-2.80p. The miner with projects in Botswana, Zambia and South Africa reports drill results for its Kalahari Copper Belt project in Botswana. Says drilling at two of the licenses that Galileo did not sell to Sandfire Resources Ltd didn't intersect copper mineralisation. One of the holes returned disseminated pyrite which might represent a system lateral to a copper occurrence.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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3 Aug 2023 10:46

IN BRIEF: Kodal Minerals shares climb after receiving prepayment

Kodal Minerals PLC - mineral exploration and development company focused on lithium and gold assets in West Africa - Announces a conditional prepayment of USD3.5 million as part of a funding package, announced in January, for the Bougouni Lithium Project agreed between itself, Hainan Mining Co Ltd and Hainan's wholly owned UK-incorporated subsidiary Xinmao Investment Co Ltd.

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30 Jun 2023 11:15

Kodal Minerals shares fall as it extends Mali Project long stop date

(Alliance News) - Kodal Minerals PLC on Friday said that it has approved an extension of the long stop date to August 31 from June 30 to complete its January 19 funding package at the Bougouni lithium project in Mali.

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2 Jun 2023 11:20

IN BRIEF: Kodal notes positive assay results, funding package extended

Kodal Minerals PLC - London-headquartered West Africa-focused lithium and gold-focused exploration and development company - On Wednesday said final assay results at Bougouni lithium project confirm high-grade mineralisation with additional high-grade lithium mineralised intersections at the Boumou, Bougouni South and Ngoualana prospects. Boumou is a high-priority target for further drilling to extend and define pegmatite bodies and allow for new resource estimate. Company also confirms further extension to June 30 of deadline for completion of funding package announced on January 19, agreed with Kodal Mining UK Ltd, Hainan Mining Co Ltd and its UK subsidiary Xinmao Investment Co Ltd. Hainan had agreed to acquire 51% of Kodal Minerals for USD100 million plus USD17.75 million equity subscription at 0.5p per share. Original deadline was April 30, first extended to May 31. Conditions still not yet satisfied include the transfer of Bougouni to a new Mali mining company owned by Kodal Mining.

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27 Apr 2023 21:46

IN BRIEF: Kodal Minerals agrees to extend funding long stop date

Kodal Minerals PLC - lithium and gold-focused exploration and development company - Agrees with Hainan Mining Co Ltd and its wholly-owned UK subsidiary Xinmao Investment Co Ltd to extend long stop date for Bougouni funding package to May 31 from January 19. Says extension allows some conditions to be satisfied, including the transfer of the Bougouni Project to a new Mali mining company owned by Kodal's recently incorporated UK subsidiary Kodal Mining UK Ltd. Says this restructuring is in progress although is not expected to complete by Sunday, the original deadline. Says all parties remain fully committed to the completion of the funding transaction as soon as possible.

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19 Apr 2023 17:37

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AIM WINNERS & LOSERS: Corero rises on USD2.0 million order wins

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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13 Apr 2023 10:41

Kodal says China approves Hainan funding package for Bougoni project

(Alliance News) - Kodal Minerals PLC said on Thursday its funding package with Hainan Mining Co Ltd was approved by the Chinese government.

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3 Apr 2023 21:09

IN BRIEF: Kodal Minerals completes drilling at Bougouni project

Kodal Minerals PLC - Mali-focused mineral exploration and development company - Completes 41 reverse circulation and 18 diamond drill holes at the Bougouni project in southern Mali. Drilling focused on the development and extension of the Ngoualana prospect and exploration drilling at the Kola, Bougouni South and Boumou prospects. A total of 3,406 samples have been dispatched for laboratory analysis with initial high-grade assay results up to 2.78% lithium oxide returned for individual samples. Company adds it is maintaining regular dialogue with key Hainan Mining executives regarding the proposed Bougouni project development and plans to quickly move into a construction phase.

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1 Feb 2023 21:04

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Jan 2023 12:23

LONDON MARKET MIDDAY: Miners and oil majors continue to weigh FTSE 100

(Alliance News) - Stock prices in London were lower at midday on Thursday amid rapidly fading hopes of a 'soft-landing' for the global economy and rising expectations of further aggressive tightening from the world's central banks.

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19 Jan 2023 10:53

AIM WINNERS & LOSERS: Kodal Minerals wins USD118 million in funding

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