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Savannah Resources ( (GB:SAV) ) has provided an update.
Savannah Resources has announced its Annual General Meeting (AGM) scheduled for June 10, 2025, in London. The company emphasizes its role in Europe’s energy transition through the Barroso Lithium Project, which is expected to produce enough lithium for half a million vehicle battery packs annually. This development aligns with the European Commission’s Critical Raw Materials Act, aiming for a significant portion of Europe’s lithium production to be locally sourced by 2030.
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 supply lithium for Europe’s battery value chain, contributing significantly to the European Commission’s goal for endogenous lithium production by 2030. Savannah is listed on the AIM Market of the London Stock Exchange under the ticker ‘SAV’.
Average Trading Volume: 3,238,238
Technical Sentiment Signal: Buy
Current Market Cap: £94.52M
See more insights into SAV stock on TipRanks’ Stock Analysis page.
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