Kodal Minerals

Canaccord Genuity has been appointed as Joint Broker to Kodal Minerals Plc

Canaccord Genuity’s Corporate Broking Team is pleased to announce it has been appointed as Joint Broker to Kodal Minerals Plc (“Kodal” or the “Company”).

Kodal’s primary focus is on the development of a mining operation at the Bougouni Lithium Project in southern Mali, an emerging lithium province which has already attracted the attention of investors and off-take partners seeking to secure long-term supply of strategic commodities including lithium.

A feasibility study published in Q1 2020 (the “Feasibility Study”) highlighted the potential for a very robust spodumene concentrate operation in Mali with a minimum 8.5-year mine life. This Feasibility Study was supplemented in September 2022 with a plan to accelerate the development of the project through a faster and lower capital cost dense media separation processing plant. The new plan would allow the Company to go into production quicker and take advantage of the near-term high lithium price environment.