Dyor16 Dec 2020 09:18
Cash as at September 30, 2020, was £870,000. Cash as at October 31, 2020, was £1,316,000, following a further fundraise.
During the period Kodal continued with its licence application for the Bougouni lithium project in Mali.
It also signed a memorandum of understanding with Sinohydro Corporation, to work together to develop the Bougouni Lithium Project.
“The company is well supported by our major shareholder and off-take partner, Suay Chin, and we continue to develop new relationships that will improve our options for financing and developing the Bougouni Lithium Project in the future,” said Kodal chairman Robert Wooldridge in the results statement.