Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The latest update is out from Savannah Resources ( (GB:SAV) ).
Savannah Resources has announced significant progress in the development of its Barroso Lithium Project in Portugal, having secured temporary land access to advance fieldwork and drilling. This development, alongside the award of a new mining lease, positions the company to complete its Definitive Feasibility Study and environmental licensing by the second half of 2025. Additionally, Portugal’s new Critical Raw Materials Action Plan, which includes strategic support for lithium projects, underscores the country’s commitment to enhancing its critical minerals industry and reinforces Savannah’s strategic positioning in Europe’s lithium supply chain.
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 contribute significantly to the European lithium battery value chain, supplying lithium for vehicle battery packs and supporting local lithium production goals. Savannah is focused on responsible development, minimizing environmental impact, and maximizing socio-economic benefits.
YTD Price Performance: 100.0%
Average Trading Volume: 2,854,351
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £91.26M
Learn more about SAV stock on TipRanks’ Stock Analysis page.
