Joint Broker Appointment

Summary by AI ^BETAClose X

Kodal Minerals plc has appointed Peel Hunt LLP as a joint Corporate Broker, effective immediately, to act alongside existing brokers SP Angel and Canaccord Genuity. This announcement does not include any specific financial figures but signifies an expansion of the company's brokerage services as it continues its operations as a West African lithium producer.

Disclaimer*

Kodal Minerals PLC

14 January 2026

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

Kodal Minerals plc

("Kodal Minerals", "Kodal" or the "Company")

14 January 2026

Joint Broker Appointment

Kodal Minerals (AIM: KOD), the West African lithium producer, mineral exploration and development company, is pleased to announce the appointment of Peel Hunt LLP as joint Corporate Broker, acting alongside existing brokers SP Angel and Canaccord Genuity, with immediate effect.

**ENDS**

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

Kodal Minerals plc

Bernard Aylward, CEO

via Burson Buchanan

Allenby Capital Limited, AIM Nominated Adviser

Jeremy Porter/Vivek Bhardwaj

Tel: 020 3328 5656

SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker

Stuart Gledhill/Adam Cowl

Tel: 020 3470 0470

Canaccord Genuity Limited, Joint Broker

James Asensio/Charlie Hammond

Tel: 020 7523 4680

Peel Hunt LLP, Joint Broker

Ross Allister/David McKeown/Georgia Langoulant

Tel: 0207 418 8900

Burson Buchanan, Financial PR

Bobby Morse/Oonagh Reidy/Abigail Gilchrist

Tel: +44 (0)20 7466 5000

kodal@buchanancomms.co.uk

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali's capital Bamako. The Stage 1 Dense Media Separation ('DMS') processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li₂O spodumene concentrate. Stage 2 Floatation plant is expected to commence operations in 2028 with a forecast output of 230ktpa Li₂O.

Bougouni is operated by Les Mines de Lithium de Bougouni SA ('LMLB'), a subsidiary of Kodal Mining UK Limited ('KMUK') which owns the project and in which Kodal has a 49 per cent shareholding. The company also has a number of highly prospective gold assets in its diverse portfolio located in West Africa.

For more information on Kodal, please visit kodalminerals.com

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