Savannah Resources (GB:SAV) has released an update.
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Savannah Resources, the company behind Europe’s largest spodumene lithium deposit, has been informed of a major shareholding acquisition by Mário Nuno Dos Santos Ferreira. This change in voting rights follows the strategic partnership with AMG Critical Materials N.V., which invested GBP 16m for a significant stake in the company and an offtake agreement. As Savannah Resources gears up for production by 2026, this development is a critical step towards supplying lithium for the European battery market.
For further insights into GB:SAV stock, check out TipRanks’ Stock Analysis page.
