Funding alternative20 Feb 2026 20:36
Will be interested if switch go down the route like Kodak did :
Kodal Minerals, the mineral exploration and development company, is pleased to provide an update on project development activities and general progress at its Bougouni Lithium Project in southern Mali ("Bougouni" or the "Project"). As announced on 15 November 2023, Kodal has received all funds related to the funding transaction for US$117.75 million agreed between the Company and Hainan Mining Co. Limited ("Hainan"), comprising a US$100 million investment from Hainan to acquire 51% of the Bougouni project company, Kodal Mining UK Limited ("KMUK"), and a further US$17.75 million received for the subscription for new ordinary shares in Kodal Minerals plc at 0.5p per share.