Kodal Minerals provided a Q3 2026 update for the Bougouni Lithium Project, reporting 27,234 DMT of spodumene concentrate produced at 5.29% Li2O. A major highlight was the full repayment and termination of the external Hainan loan facility, significantly de-risking the project's balance sheet.
First Lithium Limited reported a reduced net loss of $220,045 for the year ended June 30, 2026, down from $2.5 million in the prior year. The company successfully secured additional funding through convertible loan agreements, with $1.2 million announced in July 2026 and prior loans of $2 million converted into shares and options. Operational highlights included re-reporting high-grade lithium drill intercepts from the Mali Lithium Project and positive metallurgical testwork results, though these were from 2025. The company's permit renewals for the Faraba and Gouna licenses in Mali are pending, which introduces material uncertainty regarding the carrying value of exploration assets.
Lithium Royalty Corp. has entered into a definitive agreement to acquire a 1.5% Trailing Product Sales Fee (TPSF) royalty on the Goulamina lithium project in Mali for A$40 million. The royalty is already cash-flowing, with the first payment received by the seller in Q3 2025, and provides exposure to a large-scale producing asset operated by Ganfeng Lithium.
