Kodal Minerals, Sunda Energy, Gelion, ITM Power - Small Cap Snapshot

Hello, you're watching Proactive. Here's a look at some of the small cap companies out with news this Monday morning.

Kodal Minerals has secured the right to buy up to 80% of the Asamankese lithium project in Ghana, extending its West African footprint beyond its producing Bougouni operation in Mali.

Early rock chip samples returned grades of up to 2.49% lithium oxide. Drilling is expected to start before the end of the year.

Sunda Energy has won a 12-month extension to its Chatalich gas license in Timor Lesti that eases the threat of termination over a missed drilling deadline.

Juli says independent US laboratory testing backs its sulfur cathode technology. Cells kept 92% of their capacity despite a 20-fold jump in cycling rate.

And ITM Power has grown annual revenue 68% to 43.6 million pounds and cut its adjusted EBIDA loss by 39%.

It's also launched Hydropulse and secured government funding for new manufacturing capacity.

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