Savannah Resources (GB:SAV) has released an update.
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Savannah Resources Plc, the European lithium mining project developer, has been given a ‘Buy’ recommendation and coverage initiation by CaixaBI, a leading Portuguese investment bank. The bank’s research underscores the potential of the company’s Barroso Lithium Project, which is expected to significantly contribute to Europe’s electric vehicle battery supply and meet targets set by the European Critical Raw Materials Act. Additionally, a strategic partnership with AMG Critical Materials N.V. is set to further de-risk the project, with AMG’s investment poised to propel Savannah towards a final investment decision.
For further insights into GB:SAV stock, check out TipRanks’ Stock Analysis page.