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Savannah Resources ( (GB:SAV) ) has provided an update.
Savannah Resources has announced the implementation of a new Equity Incentive Plan designed to align the interests of its executive leadership and key individuals with long-term shareholder value while preserving cash in the short term. This plan replaces the previous Long Term Incentive Plan and includes both long-term and short-term incentive components, allowing for up to 7.5% of the company’s issued share capital to be allocated to employees. The plan aims to incentivize participants to achieve key project milestones and attract and retain talent as the company progresses towards production at the Barroso Lithium Project.
More about Savannah Resources
Savannah Resources is a mineral resource development company and the sole owner 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 company focuses on developing Europe’s largest spodumene lithium deposit, contributing to the energy transition in Europe.
Average Trading Volume: 1,961,365
Technical Sentiment Signal: Sell
Current Market Cap: £80.83M
See more data about SAV stock on TipRanks’ Stock Analysis page.