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The latest update is out from Savannah Resources ( (GB:SAV) ).
Savannah Resources plc has announced a significant change in the breakdown of its voting rights due to the acquisition of shares by Grupo Lusiaves SGPS, S.A. This acquisition results in Grupo Lusiaves holding 8.10% of the voting rights, an increase from 7.03%. This development underscores the strategic interest in Savannah’s operations, particularly given its focus on developing Europe’s largest spodumene lithium deposit. The increased stake by a significant shareholder could enhance Savannah’s position within the lithium market, potentially impacting its strategic direction and stakeholder interests.
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 contribute significantly to Europe’s lithium battery value chain and is supported by its strategic partner and largest shareholder, AMG Critical Materials N.V.
YTD Price Performance: 1.15%
Average Trading Volume: 2,470,548
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £93.43M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.
