Savannah Resources (GB:SAV) has released an update.
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Savannah Resources has announced a significant shift in its shareholder structure after Mário Nuno Dos Santos Ferreira’s voting rights changed due to AMG Critical Materials B.V.’s recent investment. The update follows Savannah’s progress on the Barroso Lithium Project in Portugal, set to contribute substantially to Europe’s lithium battery value chain with production commencing in 2026. The strategic partnership with AMG, involving a GBP 16 million investment, reinforces Savannah’s commitment to Europe’s energy transition.
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