Since the end of April, the company’s shares have been growing rapidly. In May, the share price was 0.3220 GBP. A strong jump in stock prices was in early June and the cost was 0.4660 GBP. Today, the shares are trading at a price of 0.4200 GBP, 3.25% higher than yesterday’s value. Kodal Minerals is a small company with a market capitalization of 74 million pounds. He recently paid the registration fee for a mining license to start work on the Bougouni lithium project in Mali in the next few weeks. Kodak predicts the production of 2,550 kilotons of spodumene (lithium ore) over the next eight years. Ganfeng, China’s largest lithium producer, has been buying up lithium miners for a long time, recently gaining full control of Bacanora.
In addition, Ganfeng has just acquired a 50% stake in the Goulamina Lithium project for 93,500,000 pounds, receiving 455 kilotons of spodumene over the life of the mine. Ganfeng was willing to pay more than 20 million pounds for less than a fifth of the lithium that Kodal currently controls.
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