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The latest announcement is out from Savannah Resources ( (GB:SAV) ).
Savannah Resources has released an updated Corporate Presentation for its Barroso Lithium Project, Europe’s largest spodumene lithium deposit, which is a ‘Strategic Project’ under the European Critical Raw Materials Act. The project is expected to significantly contribute to Europe’s lithium battery production by supplying enough lithium for approximately half a million vehicle battery packs annually, aligning with the European Commission’s goals for increased local lithium production.
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 and is classified as a ‘Strategic Project’ by the European Commission. Savannah aims to support Europe’s lithium battery value chain by providing a locally sourced lithium supply, contributing to the European Commission’s goal of increasing endogenous lithium production.
Average Trading Volume: 2,069,730
Technical Sentiment Signal: Strong Sell
Current Market Cap: £73.9M
Learn more about SAV stock on TipRanks’ Stock Analysis page.