Kodal Minerals PLC reported a £3.50 million profit for the first half of 2026, reversing a loss from the previous year, as its Bougouni lithium mine in West Africa completed its first full period of commercial production. The mine produced over 53,000 tonnes of spodumene concentrate, generating around US$93 million in revenue despite some operational challenges. Cash flow improvements enabled significant loan repayments, and the company ended June with £13.39 million in cash and a new export permit for additional spodumene shipments. This marks a key milestone for Kodal as it moves into profitability and strengthens its financial position.
Kodal Minerals' first interim profit and operational milestone at Bougouni provide context for readers. For those following the Basic Materials sector on Pluang, as of Sep 30, 2026 14:02 WIB, 24 of 38 US stocks rose while 13 fell. Among notable movers, Standard Lithium Ltd (SLI) decreased by 1.09% to USD 1.81 with a typical hold time of 21 days, Avient Corporation (AVNT) fell 1.07% to USD 40.75 with a 13-day hold, and Vale SA (VALE) increased by 0.98% to USD 13.43, showing a strong buy order activity of 69% and a typical hold time of 108 days.
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