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Savannah Resources ( (GB:SAV) ) has issued an announcement.
Savannah Resources has successfully completed an oversubscribed Placing and Subscription, raising a minimum of £9.2 million to support the development of its Barroso Lithium Project. The funds will be used to acquire the Aldeia Mining Lease, enhance project development, and secure land use rights, positioning Savannah to advance towards construction and strengthen its role in the lithium sector.
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 European lithium development company focused on advancing its Barroso Lithium Project. The company is involved in the mining and development of lithium resources, which are crucial for the battery value chain, particularly in Europe.
Average Trading Volume: 2,717,108
Technical Sentiment Signal: Sell
Current Market Cap: £87.76M
For an in-depth examination of SAV stock, go to TipRanks’ Overview page.