Kodal Minerals PLC (AIM:KOD) announced the extension to the long stop date for its previously announced project funding deal for the Bougouni lithium project with KMUK, Hainan Mining Co and Hainan’s subsidiary Xinmao Investment.
A new date of 31 May 2023 is expected to provide additional time for certain conditions of the deal to be satisfied, including the transfer of the Bougouni Project to a new Mali mining company owned by Kodal's recently incorporated UK subsidiary, Kodal Mining UK Limited.