Hainan Mining Website today8 Jan 2026 10:46
Interesting article on Hainan's website (translated to English via ChatGPT) - http://www.hnmining.com/en/touzi.php
Resolution 3 – Related-party transactions (2025 actuals & 2026 forecast) ⭐ KODAL RELEVANT
This is the most important section for you.
🔗 Kodal Minerals (KOD)
KODAL MINERALS PLC (KOD) is explicitly listed as a related party
Reason: Teng Lei is a director of Kodal
2026 forecast involving KOD:
Hainan Mining expects to purchase services from Kodal
Category: Labour & exploration services
Forecast amount: RMB 1 million (~£110k)
➡️ This is new, forward-looking confirmation that:
Hainan Mining expects ongoing operational interaction with Kodal in 2026
This aligns with Bougouni technical / exploration / support work continuing
Hainan Mining has formally disclosed, at shareholder-approval level, that it expects to purchase labour and exploration services from Kodal Minerals PLC in 2026, budgeting RMB 1.0 million for this activity. Kodal is explicitly identified as a related party. This disclosure represents a step-change from prior references, moving Kodal from a governance relationship to an operational counterparty, and provides third-party confirmation of ongoing technical and exploration work at the Bougouni Lithium Project following the maiden spodumene shipment from San-Pédro.