Response to Share Price Movement

RNS Number : 2670P

Kodal Minerals PLC

08 June 2020

 

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

8 June 2020

Kodal Minerals plc ('Kodal Minerals' or the 'Company')

Response to Share Price Movement

Kodal Minerals plc (AIM: KOD) notes the recent increase in the Company's share price and is not aware of any company-specific reason for this.

However, the Company notes recent pronouncements about the level of investment in the electric vehicle and battery markets, which are the principal driver of demand for lithium, with Europe attracting EUR60 billion of investment in the last year and also the German government's announcement of an increase in subsidies for purchases of electric vehicles.

The Company refers shareholders to its announcement on 28 May 2020 which provided an update on the current status of the Company's Bougouni lithium project and its gold exploration assets.

For further information, please visit www.kodalminerals.com or contact the following:

Kodal Minerals plc Bernard Aylward, CEO	Tel: [phone]
Allenby Capital Limited, Nominated Adviser Jeremy Porter/Nick Harriss	Tel: [phone]
SP Angel Corporate Finance LLP, Financial Adviser & Broker John Mackay	Tel: [phone]
St Brides Partners Ltd, Financial PR Catherine Leftley/Cosima Akerman	Tel: [phone]

 

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