TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Savannah Resources ( (GB:SAV) ) has shared an update.
Savannah Resources announced that the European Commission has reconfirmed the Barroso Lithium Project as a ‘Strategic Project’ under the Critical Raw Materials Act. This decision follows a review request and confirms the project’s importance in Europe’s re-industrialisation and decarbonisation efforts. The project is expected to contribute to reducing Europe’s external energy dependency and support economic growth in the surrounding region by attracting population and providing a significant lithium supply for vehicle battery packs.
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 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, classified as a ‘Strategic Project’ by the European Commission under the Critical Raw Materials Act. The company aims to provide a long-term, locally sourced lithium supply for Europe’s battery value chain, contributing significantly to the European Commission’s goal of increasing endogenous lithium production.
Average Trading Volume: 2,916,667
Technical Sentiment Signal: Sell
Current Market Cap: £100.4M
Learn more about SAV stock on TipRanks’ Stock Analysis page.