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Savannah Resources ( (GB:SAV) ) has issued an announcement.
Savannah Resources has announced a change in its shareholder voting rights, with Grupo Lusiaves SGPS, S.A. acquiring a substantial shareholding. This acquisition marks an increase in voting rights from 6.017056% to 7.034380%, highlighting a significant shift in the company’s ownership structure. The development could have implications for Savannah’s strategic direction and stakeholder interests, particularly as the company progresses with its Barroso Lithium Project in Portugal, a key player in Europe’s lithium supply chain.
More about Savannah Resources
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal, which is the largest battery-grade spodumene lithium resource in Europe. The company aims to support the European lithium battery supply chain by providing locally sourced lithium raw material, contributing significantly to the European Commission’s Critical Raw Material Act targets. Savannah focuses on responsible development to minimize environmental impact and maximize socio-economic benefits.
YTD Price Performance: -2.07%
Average Trading Volume: 2,758,826
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £92.56M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.
