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Savannah Resources ( (GB:SAV) ) has issued an announcement.
Savannah Resources PLC has announced changes to its Board of Directors, reflecting progress in the Barroso Lithium Project. Dale Ferguson is stepping down from the Board but will continue as Chief Technical Officer, ensuring continuity in technical leadership. Paulo Pinto, with extensive experience in the banking and financial services industry, joins as a Non-Executive Director, enhancing the company’s connectivity with its significant Portuguese shareholders and broadening its network among key stakeholders in Portugal’s finance and business sectors. These changes are strategic as the company prepares for the project’s construction financing phase, aiming to ensure long-term value creation and responsible governance.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
More about Savannah Resources
Savannah Resources PLC is a company focused on the development of the Barroso Lithium Project in Portugal, which is recognized as one of the European Commission’s ‘Strategic Projects’ under the Critical Raw Materials Act. The project is noted for being Europe’s largest spodumene lithium deposit, indicating Savannah’s significant role in the lithium mining industry, particularly in Europe.
Average Trading Volume: 2,404,322
Technical Sentiment Signal: Strong Buy
Current Market Cap: £101.6M
Find detailed analytics on SAV stock on TipRanks’ Stock Analysis page.