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Share Price: 0.495

Bid: 0.49

Ask: 0.50

Change: 0.011 (2.30%)

Spread: 0.01 (2.041%)

Open: 0.48

High: 0.49

Low: 0.482

Prev. Close: 0.479

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IN BRIEF: Kodal Minerals completes USD117.8 million Bougouni fundraise

Wed, 15th Nov 2023 17:21

Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Completes funding transaction of USD117.8 million for the Bougouni lithium project. The transaction was previously agreed with Hainan Mining Co Ltd and its wholly-owned UK-incorporated subsidiary, Xinmao Investment Co Ltd. It provides full funding for the development and commencement of production at the Bougouni project in Mali, and supports ongoing exploration and development programmes designed to continue the expansion of the project.

The transaction consists of a USD17.8 million equity subscription by the Hainan Group into Kodal. As a result, the Hainan Group now holds 15% of the issued share capital of Kodal. It also includes a USD100 million investment into Kodal's subsidiary, Kodal Mining UK Ltd, by the Hainan Group.

Current stock price: 0.62 pence

12-month change: more than doubled

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Kodal Minerals Loss Widens As It Develops Norway Project

LONDON (Alliance News) - Kodal Minerals PLC Wednesday said its pretax loss widened in its recent full year, as administrative expenses increased while the company developed its operations in Norway. The mining exploration company, which has licences for a phosphate and iron project in Norwa

23 Apr 2014 11:28

DIRECTOR DEALINGS: Kodal Minerals Directors Acquire Shares

LONDON (Alliance News) - Kodal Minerals PLC said Wednesday that it has issued a number of shares to two directors and a consultant at a price of GBP0.00743 per share as follows:

1 Apr 2014 12:20

Kodal Minerals Says New Testwork Confirms High-Grade Phosphate

LONDON (Alliance News) - Kodal Minerals PLC Tuesday said additional metallurgical testwork at the Kodal project in Norway has confirmed that the site will produce a high-grade phosphate concentrate. The mining exploration company, which has licences for a phosphate and iron project in Norwa

17 Mar 2014 14:19

Kodal Minerals Gets Seven New Exploration Permits In Norway

LONDON (Alliance News) - Kodal Minerals PLC Monday said it has been granted seven new exploration permits by the Norwegian Directorate of Mining. The mining exploration company, with licences for a phosphate and iron project in Norway, said the new permits are for a 19,795 kilometre squared

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Kodal Minerals raises 1.24m pounds from share placement

Kodal Minerals' shares tumbled after the mining company said it has placed 100m new ordinary shares. The company, which owns the phosphorous and iron Kodal Project in Norway, raised £1.25m after placing the shares at 0.03125p each. Net proceeds will be used to extend the original work programme a

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Kodal Minerals keeps on flying after New Year's Eve debut

Newly AIM-listed phosphorus and iron explorer Kodal Minerals rose steeply on Thursday after floating in the last days of December. Shares in the Norway-focused outfit were up 60% to 1.32p by 14:55 on Thursday, an 88% rise from the 0.7p price at which it raised £1m in its initial public offer. Th

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IN BRIEF: Kodal Minerals completes USD117.8 million Bougouni fundraise

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