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Investegate announcements from Bougouni Lithium Project

On March 29, Kanglongda announced that it jointly signed an "Agreement to Terminate the Binding Terms Sheet Regarding the Purchase of Spodumene from the Bougouni Lithium Project" with Kodal Minerals PLC (referred to as "KODAL"), Hainan Mining and its controlling subsidiary, Kodal Mining UK (referred to as "KMUK"). According to the agreement, KMUK will pay Suay Chin a total of 14 million US dollars in termination fees in two installments. After receiving the first installment of 7 million US dollars, the "Bougouni (Bougouni) Mine Project Spodumene Sales Bindin...

On 26 March, Kodal Minerals announced significant advancements in the development of its Bougouni Lithium Project in southern Mali, following a funding transaction with Chinese miner Hainan Mining amounting to US$117.75 million which secures a 51% stake in Kodal Mining. 

The Bougouni lithium mine, in Mali, could produce 2 million tonnes of spodumene over a lifespan of 8.5 years. Construction works at the mine, under

2023 Annual Results Summary and Highlights: Total revenue was RMB198.2 billion, representing a year-on-year increase of 8.6%;Industrial operation profit reached RMB4.9 billion, representing a...