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An announcement from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources has successfully completed a fundraising initiative through an accelerated bookbuild and subscription, raising a minimum of £4.24 million. This capital boost strengthens the company’s financial position, allowing it to progress the Barroso Lithium Project further. The initiative has garnered significant support from existing and new shareholders, including substantial investments from Portuguese institutions and new institutional investors from France and the UK. The funds will be used to advance the project’s Definitive Feasibility Study and preparations for post-DFS workstreams, including securing finance for construction and land acquisition.
More about Savannah Resources
Savannah Resources PLC is a European lithium development company focused on advancing the Barroso Lithium Project. The company is involved in the production of lithium raw materials, which are crucial for Europe’s battery value chain and energy transition efforts.
Average Trading Volume: 3,085,685
Technical Sentiment Signal: Sell
Current Market Cap: £80.39M
See more data about SAV stock on TipRanks’ Stock Analysis page.