Savannah Resources (GB:SAV) has released an update.
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Savannah Resources Plc has received a Letter of Interest from Euler Hermes, representing the German Government, for a potential loan guarantee of up to USD 270 million to aid the development of its Barroso Lithium Project in Portugal. This significant financial backing underscores the project’s strategic importance to Europe’s automotive sector and highlights Savannah’s commitment to establishing a full financing solution. The project is poised to significantly contribute to Europe’s lithium battery production, aligning with the EU’s Critical Raw Material Act goals.
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