AMG ADVANCED METALLURGICAL GROUP NV (GB:0LO9) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
AMG Critical Materials N.V. has invested $20 million to acquire a 15.77% share in Savannah Resources, becoming its largest shareholder and securing significant lithium supply from Europe’s largest spodumene lithium deposit. The strategic partnership includes a board seat, a potential doubling of lithium offtake, and cooperation in expanding lithium activities in Portugal and Spain, supporting the European Critical Raw Materials Act’s domestic production goals.
For further insights into GB:0LO9 stock, check out TipRanks’ Stock Analysis page.