🏗️ @SavannahRes ' production roadmap:
DFS completion by end-2025
Construction in 2026
Production in 2027/28
Project "mostly permitted" with financing options through KFW (German development bank) and EU mechanisms, potentially with higher-than-typical debt component.
https://t.co/DuYlRVIPs7
Savannah Resources is proud to share that the European Commission has officially selected the #BarrosoLithiumProject as one of the first Strategic Projects under the EU’s Critical Raw Materials Act (#CRMA).
This recognition places 𝐭𝐡𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐚𝐦𝐨𝐧𝐠 𝐣𝐮𝐬𝐭 47 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 𝐄𝐮𝐫𝐨𝐩𝐞 𝐜𝐡𝐨𝐬𝐞𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐭𝐨:
Securing the EU’s strategic raw material supply
Meeting high environmental, social, and governance (ESG) standards
Demonstrating technical feasibility and cross-border benefits
𝐀𝐬 𝐚 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐫𝐨𝐣𝐞𝐜𝐭, 𝐭𝐡𝐞 𝐁𝐚𝐫𝐫𝐨𝐬𝐨 𝐋𝐢𝐭𝐡𝐢𝐮𝐦 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐰𝐢𝐥𝐥 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦:
Coordinated support from the European Commission, Member States, and financial institutions
Enhanced access to finance and connections with key offtakers
Streamlined permitting — no more than 27 months for extraction projects
This is a major step forward for both Savannah and Europe’s green #energytransition.
We will now engage with the European Commission to leverage this momentum, while continuing our efforts to complete the RECAPE and Definitive Feasibility Study by the end of 2025, targeting first production in 2027.
Savannah announcement available here: https://t.co/JNMpMCGlhR
European Comission Press Release available here: https://t.co/cHtHkgFF08
#lithium #spodumene #barroso #portugal #europe #responsiblemining
https://t.co/siAimjqSOb
🔋 𝐒𝐚𝐯𝐚𝐧𝐧𝐚𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 🔋
Many thanks to @joannemidas for her insightful article on #SavannahResources in the Midas Share Tips column in the Mail on Sunday.
𝐌𝐢𝐝𝐚𝐬’ 𝐯𝐞𝐫𝐝𝐢𝐜𝐭:
"Europe is keen to build a home-grown lithium market, and Savannah Resources has a key role to play. At 4.3p, the shares should prove their worth to new and existing investors."
#SavannahResources #Lithium #Mining #Investment #MidasShareTips #Sustainability #GreenEnergy
https://t.co/UrnuOySn2s
It seems a long time since anyone took any notice but with the upcoming news, it’s good to see that Midas is seeing the potential.
sav @SavannahRes
BABY SCHILLACI @ FOCUS Wales 2025! 🏴
Can't wait to get stuck in to @FocusWales Wrexham May 10th - Huge Lineup!
Tickets: https://t.co/4pxmexCaBK
Get Amongst it!
#FOCUSWales2025