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An announcement from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources has formally signed its Portuguese state grant agreement for the Barroso Lithium Project, securing access to up to €109.67 million in non-refundable funding under a scheme backed by national funds and the EU’s Temporary Crisis and Transition Framework. The company was one of only six industrial investors, and the sole lithium miner, invited to a high-profile ceremony attended by Portugal’s prime minister and senior officials, underlining Barroso’s central role in building a domestic lithium battery value chain and stimulating economic development in Portugal’s interior. The grant, structured as roughly €82 million for capital expenditure and up to €27 million as a long-term performance bonus, strengthens Savannah’s financial footing as it advances the project, though management cautions that disbursements remain contingent on meeting contractual conditions and overcoming standard mining-sector permitting, financing, construction and operational risks.
The most recent analyst rating on (GB:SAV) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
Spark’s Take on GB:SAV Stock
According to Spark, TipRanks’ AI Analyst, GB:SAV is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue profile, recurring losses, and sustained cash burn), with only limited offset from a low-debt balance sheet. Technicals provide modest near-term support, but longer-term trend measures remain weaker. Valuation is also constrained by negative earnings and no dividend yield provided.
To see Spark’s full report on GB:SAV stock, click here.
More about Savannah Resources
Savannah Resources is a mineral resource development company listed on AIM in London and the sole owner of the Barroso Lithium Project in northern Portugal, Europe’s largest battery-grade spodumene lithium resource. Classified as a Strategic Project under the EU Critical Raw Materials Act, Barroso is intended to supply locally sourced lithium to Europe’s battery value chain, with planned output sufficient for around 500,000 electric vehicle battery packs per year, while emphasising minimised environmental impact and maximised socio-economic benefits.
Average Trading Volume: 4,674,103
Technical Sentiment Signal: Strong Buy
Current Market Cap: £126.1M
For detailed information about SAV stock, go to TipRanks’ Stock Analysis page.