RNS Number : 7271B
Savannah Resources PLC
24 March 2025
24 March 2025
Savannah Resources Plc
(AIM: SAV) ('Savannah', or the 'Company')
Appointment of Joint Corporate Broker
Savannah, the developer of the Barroso Lithium Project in Portugal, Europe's largest spodumene lithium deposit, is pleased to announce the appointment of Canaccord Genuity Limited as Joint Corporate Broker with immediate effect.
SP Angel Corporate Finance LLP continues in its roles as the Company's Nominated Adviser and Joint Corporate Broker.
Regulatory Information
This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Savannah - Enabling Europe's energy transition.
**ENDS**
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For further information please visit www.savannahresources.com or contact:
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Savannah Resources PLC Emanuel Proença, CEO |
Tel: 44 20 7117 2489
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SP Angel Corporate Finance LLP (Nominated Advisor & Broker) David Hignell/ Charlie Bouverat (Corporate Finance) Grant Barker/Abigail Wayne (Sales & Broking)
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Tel: 44 20 3470 0470
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Canaccord Genuity Limited (Joint Broker) James Asensio / Charlie Hammond (Corporate Broking) Ben Knott (Sales) |
Tel: 44 20 7523 8000
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Camarco (UK Financial PR) Gordon Poole/ Emily Hall / Nuthara Bandara |
Tel: 44 20 3757 4980 |
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Portugal Media Relations Savannah Resources: Antonio Neves Costa, Communications Manager |
Tel: 351 962 678 912 |
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LPM Herminio Santos/ Jorge Coelho/ Margarida Pinheiro |
Tel: 351 218 508 110 |
About Savannah
Savannah Resources is a mineral resource development company and the sole owner of the Barroso Lithium Project (the 'Project') in northern Portugal, the largest battery grade spodumene lithium resource outlined to date in Europe.
Through the Project, Savannah will help Portugal to play an important role in providing a long-term, locally sourced, lithium raw material supply for Europe's lithium battery value chain. Once in operation the Project will produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year, and hence make a significant contribution towards the European Commission's Critical Raw Material Act goal of a minimum 10% of European endogenous lithium production from 2030.
Savannah is focused on the responsible development and operation of the Barroso Lithium Project so that its impact on the environment is minimised and the socio-economic benefits that it can bring to all its stakeholders are maximised.
The Company is listed and regulated on the London Stock Exchange's Alternative Investment Market (AIM) and trades under the ticker "SAV".
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