Rns8 Jun 2020 12:11
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
8 June 2020
Kodal Minerals plc ('Kodal Minerals' or the 'Company')
Response to Share Price Movement
Kodal Minerals plc (AIM: KOD) notes the recent increase in the Company's share price and is not aware of any company-specific reason for this.
However, the Company notes recent pronouncements about the level of investment in the electric vehicle and battery markets, which are the principal driver of demand for lithium, with Europe attracting EUR60 billion of investment in the last year and also the German government's announcement of an increase in subsidies for purchases of electric vehicles.
The Company refers shareholders to its announcement on 28 May 2020 which provided an update on the current status of the Company's Bougouni lithium project and its gold exploration assets.
For further information, please visit www.kodalminerals.com or contact the following:
Kodal Minerals plc
Bernard Aylward, CEO
Tel: +61 418 943 345
Allenby Capital Limited, Nominated Adviser
Jeremy Porter/Nick Harriss
Tel: 020 3328 5656
SP Angel Corporate Finance LLP, Financial Adviser & Broker
John Mackay
Tel: 020 3470 0470
St Brides Partners Ltd, Financial PR
Catherine Leftley/Cosima Akerman
Tel: 020 7236 1177