Savannah Resources ( (GB:SAV) ) has shared an announcement.
Savannah Resources announced that its Barroso Lithium Project in Portugal has been designated as a ‘Strategic Project’ by the European Commission under the Critical Raw Materials Act. This classification will provide Savannah with coordinated support from the Commission, Member States, and financial institutions, facilitating access to finance and streamlined permitting processes. The designation highlights the project’s role in securing Europe’s supply of critical raw materials, supporting the green and digital transitions, and fostering economic development in the Barroso region.
More about Savannah Resources
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project in northern Portugal, which is the largest battery-grade spodumene lithium resource in Europe. The company aims to support Europe’s lithium battery value chain by providing a locally sourced lithium supply, contributing to the European Commission’s goal of increasing endogenous lithium production.
YTD Price Performance: 1.15%
Average Trading Volume: 2,041,180
Technical Sentiment Signal: Sell
Current Market Cap: £95.6M
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