Hainan provides up to $15m loan facility for Kodal’s Bougouni project
Mineral exploration and development company Kodal Minerals says Hong Kong Xinmao Investment (HKXI), a wholly owned subsidiary of Hainan Mining Co, has entered into a loan agreement with Kodal Mining UK (KMUK) for a $15-million loan to be drawn down by KMUK. During the 2024 financial year, the Bougouni lithium project was transferred to KMUK, with Hainan taking a 51% stake in KMUK for $100-million. Kodal retains a 49% interest in KMUK.
Mineral exploration and development company Kodal Minerals says Hong Kong Xinmao Investment (HKXI), a wholly owned subsidiary of Hainan Mining Co, has entered into a loan agreement with Kodal Mining UK (KMUK) for a $15-million loan to be drawn down by KMUK. During the 2024 financial year, the Bougouni lithium project was transferred to KMUK, with Hainan taking a 51% stake in KMUK for $100-million. Kodal retains a 49% interest in KMUK.
