Kodal raises £1m to advance Mali lithium project

Lithium and gold explorer Kodal Minerals has raised £1-million through a placing of 66.67-million new ordinary shares at a price of 0.15p a share to expedite development of its Mali-based Bougouni lithium project. The net proceeds of the placing will also be used to fund exploration activities across its 100%-owned gold properties and to fund working capital requirements.