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Savannah Resources ( (GB:SAV) ) has provided an update.
Savannah Resources has secured approval for a non-reimbursable Portuguese state grant of up to €110 million to support construction and early operation of its Barroso Lithium Project, underscoring the project’s status as a nationally and strategically important asset for Portugal and the European Union’s net-zero ambitions. The grant, equivalent to 35% of eligible project costs and split between development capex and future performance milestones, materially strengthens Savannah’s financing package ahead of a final investment decision, while signalling strong governmental backing for a domestic lithium supply chain that promises jobs and economic growth for the Barroso region, albeit with receipt of funds still contingent on permitting, project execution and compliance with contractual conditions.
The most recent analyst rating on (GB:SAV) stock is a Hold with a £3.50 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 Plc is an AIM-listed mineral development company focused on the Barroso Lithium Project in northern Portugal, which hosts Europe’s largest spodumene lithium deposit and has been designated a Strategic Project under the European Critical Raw Materials Act, supplying lithium concentrate for the continent’s emerging battery and clean energy value chains.
Average Trading Volume: 2,659,174
Technical Sentiment Signal: Sell
Current Market Cap: £97.82M
For a thorough assessment of SAV stock, go to TipRanks’ Stock Analysis page.