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Kodal Minerals receives $13M loan repayment from Bougouni lithium project operator amid strong spodumene prices

Market News
17 Jul 2026
Proactive Investors
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Bullish
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Kodal Minerals PLC has received an initial $13 million loan repayment from Les Mines de Lithium de Bougouni (LMLB), the operator of its Bougouni lithium project in Mali. This repayment marks the first return on loans advanced to finance the mine's capital expenditure. Strong spodumene prices have enabled LMLB to generate positive returns, supporting ongoing regular repayments. Production challenges earlier in the year were addressed, and exports continue on schedule, with revenue expected from recent shipments in the current quarter. The operation is preparing for the wet season to maintain steady production and meet budget targets.

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