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An update from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources has made significant progress at its Barroso Lithium Project in Portugal, bolstered by a strategic partnership with AMG Critical Materials N.V. Despite a drop in lithium prices, the project has received strong support from the Portuguese Government and the European Commission, highlighting its importance to Europe’s lithium battery value chain. The company has also seen increased interest from Portuguese investors, accounting for over 20% of its register. Savannah is advancing its Definitive Feasibility Study and aims to complete major project goals, including environmental licensing, as it positions itself for future favorable market conditions.
More about Savannah Resources
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal. The project is the largest battery-grade spodumene lithium resource in Europe and has been classified as a ‘Strategic Project’ by the European Commission. It aims to support Europe’s lithium battery value chain by providing a long-term, locally sourced lithium supply.
Average Trading Volume: 3,533,319
Technical Sentiment Signal: Sell
Current Market Cap: £80.39M
Find detailed analytics on SAV stock on TipRanks’ Stock Analysis page.