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KMUK - that's Kodal and Hainan experienced delays upon its control. If it was fighting over the 7.5 million then it would be in their control and misleading the market

KMUK experienced delays beyond its control in relation to the finalisation of the Mining Licence transfer to LMLB. All formalities required by the administrative process are completed and signed off by the Ministers of Mining and Finance. The application for transfer has been forwarded to the Council of Ministers for the signature of the President of Mali to finalise the transfer.

KMUK's management team in Bougouni hosted a delegation from the Department of Mines on 3 April 2025, who were accompanied by two special advisers of the President of Mali. The delegation requested and were provided with a tour of the Project, a presentation advising the status of the Project, and a demonstration of KMUK's commitment to prioritising local content.

Oversupply Floods the Market

Lithium production has been growing rapidly. In January 2025, Chile’s lithium exports increased by 22.8% month over month, flooding the market with additional supply.

Mali’s new lithium mines, Bougouni and Goulamina, will boost lithium output to 40,528 metric tons of lithium carbonate equivalent (LCE) in 2025. This accounts for 2.7% of the global supply.

Additionally, Argentina’s Ganfeng Lithium Group has started production at the Mariana brine project, adding another 17,420 metric tons of LCE annually. Argentina is now the top producer in the Lithium Triangle. This area includes Bolivia and Chile, which hold some of the richest lithium reserves in the world.

Benchmark Mineral Intelligence shows that the global weighted average price for lithium is dropping, as seen in the chart. This change reflects the increase in supply.

Lets hope it's not Bernard offloading his shares

Mali's second luthium mine is finally ready and will be inaugurated soon. The work is done at ninety- eight percent, so the company officials .

Good news on the way...

Mali President Assimi Goita, claiming to be a transitional leader, said Ganfeng’s lithium mine is extremely important for the West African nation, according to the South China Morning Post. He said the processing plant’s start is a significant step among the West African country’s natural resources.

China’s ambassador to Mali, Chen Zhihong, attended the inauguration ceremony and described the Goulamina mine as a new example of cooperation.

Following his visit to Norinco, President GOITA held meetings with representatives from two companies, Gangfeng and Wang Kang. Gangfeng’s President-General, Wang XIAOSHEN, expressed satisfaction with the discussions on Gangfeng’s investments in Mali, particularly the Goulamina project, which focuses on lithium mining and processing. The project is progressing well, with equipment calibration nearing completion and an inauguration scheduled for November 2024.

Https://www.google.com/amp/s/www.military.africa/2024/09/malian-transitional-president-visits-norinco-ahead-of-china-africa-forum/%3famp=1

Crazy that we are now paying 15 million for it

Back then it was the below

Kodal Minerals received formal correspondence from the Direction Nationale de la Geologie et des Mines in Bamako, Mali notifying it of acceptance of the feasibility study for the mining licence application at the Bougouni lithium project and requesting payment of an application fee for the delivery of the mining licence. Kodal plans to pay the GBP135,000 fee "promptly".

Chief Executive Officer of Kodal Minerals, Bernard Aylward, said: "Our mining licence application is progressing through the final regulatory stages ... [this] is a very positive development and brings us significantly closer to a fully permitted project."

Once the fee is paid the Direction Nationale de la Geologie et des Mines will draft a mining licence, which will be sent on to the Ministry of Mines, Energy & Water and then to the office of Mali's prime minister to be formally signed.

Shockingly

I have to agree that that 7.5 million should have been paid

Does that mean that KMUK has broken the MOU

China ambassador said it's a win win partnership

GOITA said it's great for Mali as well

He will sign off

i think this is bull**** lav

personally as a lth i am frustrated and about the whole license saga.

just get it bloody sorted so we can move on

For Mali?

Is next door gangfeng not already exporting from Mali?

The biggest point I missed in the RNS was that 2 x presidential advisors were on site a couple of days ago...

For some reason I took that as early march when there was a big delegation there

Hopefully asking to withhold the payment gets GOITA signing!

You have the 35% and KMUK are ready to ship

Lets go!

They have what they want

The only thing that could stop this is if they want to force Kodal out like Leo and have it purely Chinese/Malian

Is that a realistic?

I hope not!!

I imagine final sign off will be in person at the inguaration before the cutting the ribbon

GoitaAssimi

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In Bougouni, I inaugurated the Goulamina lithium mine, a strategic project for Mali. It will create thousands of jobs and position our country as a key player in the global lithium-ion battery industry. A step towards sustainable development.

At the launch of the plant, Mali’s transitional President Assimi Goita described his country’s cooperation with China as a “strategic and sincere” partnership. Goita said the lithium mine was extremely important for the West African nation and the launch of the processing plant “marks a significant step forward in the exploitation of the country’s natural resources”. Chinese ambassador to Mali Chen Zhihong, who attended the inauguration ceremony, said the Goulamina mine “is a new example of win-win cooperation”.

Sure they will be saying to GOITA as well that they are ready to go and start making us and the private Malian investors money