Kodal enters into agreement to terminate Suay Chin right of first refusal

Mineral exploration and development company Kodal has entered into an agreement with Kodal Mining UK (KMUK), Hainan Mining and Suay Chin International to terminate the right of first refusal (ROFR) granted to Suay Chin as part of its original investment in Kodal in 2017, over 80% of the spodumene product produced at the Bougouni lithium project, in Mali. As announced in November 2023, Kodal and the Hainan Mining Group entered into a joint venture development agreement for the Bougouni project, with both parties consequently being shareholders of KMUK, 49% owned by Kodal and 51% by the Hainan Group.