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Stocks•5 May 2026•

1 min read

Kodal Minerals Generates $89m Revenue from Bougouni Lithium Project in Mali

Key Facts

1Kodal Minerals generated over $89 million in revenue from the first three shipments of its Bougouni lithium project in Mali.

2Les Mines de Lithium de Bougouni SA received the final payment for the second shipment, totaling $27.6 million.

Kodal Minerals PLC has announced that the first three shipments of spodumene concentrate from its Bougouni lithium project in Mali have generated over $89 million in total revenue. The company confirmed that its joint venture, Les Mines de Lithium de Bougouni SA, received a final payment of $27.6 million for the second shipment. These shipments were successfully transported through the port of San Pedro for delivery to its partner, Hainan Mining. This revenue milestone marks a significant transition for the junior miner toward positive operational cash flow. The successful execution of these initial sales validates the project's production and logistical framework in West Africa. These results underscore the strength of the company's strategic partnerships and its ability to service the global lithium market.