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Savannah Resources to take full ownership of Mina do Barroso Lithium project

Savannah Resources PLC's (LON:SAV) chief executive David Archer tells Proactive London's Andrew Scott they're to take 100% control of their flagship asset, the Mina do Barroso Lithium project in Portugal.

The 25% that Savannah doesn’t already own is to be acquired from minority shareholders in an all-share transaction valued at approximately US$11.9mln.

Quick facts: Savannah Resources PLC

Price: 2.1 GBX

AIM:SAV
Market: AIM
Market Cap: £27.28 m
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Savannah Resources' Mina do Barroso project to add €437mln to Portugal's...

Savannah Resources PLC's (LON:SAV) David Archer says a report has found that its Mina do Barroso lithium project could contribute nearly €1.2bn to the gross output of Portugal. The Socio Economic Impact Report suggests the project will boost Portugal's annual export revenue from metal ores by...

2 weeks, 3 days ago

2 min read