Kodal Minerals anticipates receiving an export permit soon for 27,000 metric tons of lithium concentrate stockpiled at its Bougouni project in Mali.
The company had previously faced export delays due to regulatory hurdles amid a challenging global lithium market.
Global lithium production is expected to decline by about 228,000 tons this year as miners reduce output amid falling prices.
Kodal confirmed ongoing discussions with the Malian government to finalise the export permit for spodumene concentrate.
“We expect the permit to be granted in the near future,” the company said, emphasising a positive relationship with local authorities.
Chief Executive Bernard Aylward is currently in Mali reviewing operations, which continue without interruption.
Since launching production in February, Kodal has agreed to sell all its output to China’s Hainan Mining.
Aylward expressed frustration, noting, “Our buyer wants to buy, but we can’t export due to delays.”
Mali, traditionally known for gold, is keen to develop its significant lithium reserves amid growing global demand for electric vehicle batteries.
The military-led government is increasing control over mining, aiming to boost revenue through stricter regulations.
Recent months have seen military authorities arrest foreign mining executives and seize mineral stocks during negotiations.
Kodal’s awaited permit represents a critical step for the company amid a tightening global lithium market and evolving political landscape in Mali.