Deals and financing (3)

1. 2025-06-30 · Offtake · signed

   Hainan Mining Co. Ltd → Les Mines de Lithium de Bougouni (Kodal Minerals) · Bougouni lithium project

   Hainan Mining became exclusive buyer of all spodumene concentrate from Bougouni's DMS plant for four years under a take-or-pay offtake with annual volume and floor-price reviews.

   official release

2. 2024-11-04 · Strategic partnership · announced

   Government of Mali → Kodal Minerals (UK) Ltd (Hainan Mining 51% / Kodal Minerals 49%); Future Minerals; LMLB · Bougouni lithium project

   The Hainan Mining-Kodal joint venture and the Mali government signed a memorandum bringing the Bougouni lithium project under Mali's new mining code and committing the government to approve transfer of the mining permit to the new local subsidiary LMLB.

   official release

3. 2023-01-19 · Equity investment · completed · US$117.75 m

   Hainan Mining Co. Ltd → Kodal Minerals plc · Bougouni lithium project

   Hainan Mining agreed to invest USD 117.75 million: USD 100 million into Kodal's UK subsidiary holding Bougouni plus a USD 17.75 million equity subscription in Kodal.

   official release