Kodal Minerals plc (LSE:KOD) has confirmed that executive director Steven Zaninovich has exercised warrants, resulting in the issuance of 33,333,334 new ordinary shares and raising £65,000 for the company. Following this transaction, Zaninovich’s stake increases to 0.33% of the company’s expanded share capital. The newly issued shares are set to begin trading on AIM from 7 July 2025. Consequently, total voting rights will be updated in accordance with the UK Financial Conduct Authority regulations, impacting shareholder calculations.

Kodal Minerals is navigating a transitional phase, supported by a robust balance sheet and recent advancements in lithium production. Despite these positives, the company continues to face challenges related to the absence of revenue and ongoing negative cash flow. While technical indicators lean towards a neutral to bearish stance, the stock may be undervalued, offering potential for growth if operational targets are met. Recent corporate activities add a constructive element to the company’s outlook.

About Kodal Minerals

Listed on the AIM market, Kodal Minerals plc specializes in mineral exploration and development. The company focuses on advancing mineral resources with a strong emphasis on sustainable extraction and growth in the mining sector.