๐ต๐น ๐๐๐ฏ๐๐ง๐ง๐๐ก ๐๐๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ๐ง๐ญ๐ซ๐๐๐ญ-๐๐ข๐ ๐ง๐ข๐ง๐ ๐๐๐ซ๐๐ฆ๐จ๐ง๐ฒ ๐๐จ๐ซ ๐๐ญ๐๐ญ๐ ๐๐ซ๐๐ง๐ญ๐ฌ, ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐๐ฌ๐๐ง๐๐ ๐จ๐ ๐๐จ๐ซ๐ญ๐ฎ๐ ๐๐ฅโ๐ฌ ๐๐ซ๐ข๐ฆ๐ ๐๐ข๐ง๐ข๐ฌ๐ญ๐๐ซ, ๐๐ฎรญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐๐ ๐ซ๐จ
Following its award of a โฌ110m non-reimbursable ๐ต๐น State Grant, #Savannah was one of just six companies invited to attend the public signing ceremony for the investment grants contracted with @aicep representing a total investment package of over โฌ3 billion.
Of the six selected companies, four (Savannah Resources PLC, Lifthium Energy, @topsoe_official and CALB Group Co., Ltd.) represent investments within the #lithiumbattery value chain.
In this context, the #BarrosoLithiumProject stands out as the only lithium mining project included and the only project located in Portugalโs interior.
In his speech, the ๐๐ซ๐ข๐ฆ๐ ๐๐ข๐ง๐ข๐ฌ๐ญ๐๐ซ ๐๐ฎรญ๐ฌ ๐๐จ๐ง๐ญ๐๐ง๐๐ ๐ซ๐จ highlighted the importance of building value chains in critical sectors, stressing that extraction must be carried out with the lowest possible environmental impact, and that for Portugal to increase prosperity, it must โcreate more wealthโ, become โmore productiveโ and operate with โgreater agilityโ.
As Savannahโs CEO Emanuel Proenรงa stated, it is โa great source of pride to be part of this small group of industrial projects recognised for their potential for Portugalโ
๐๐ก๐ข๐ฌ ๐ฆ๐จ๐ฆ๐๐ง๐ญ ๐ซ๐๐ข๐ง๐๐จ๐ซ๐๐๐ฌ ๐ฐ๐ก๐๐ญ ๐ฆ๐๐ญ๐ญ๐๐ซ๐ฌ ๐ฆ๐จ๐ฌ๐ญ ๐ง๐จ๐ฐ:
๐นTurning strategic priorities into execution by building the lithium battery value chain
๐นSupporting Portugalโs industrial competitiveness
๐นCreating long-term value for the Barroso region
๐นSupporting Europe as it strives for greater energy independence.
We look forward to progressing the Barroso Lithium Project and sharing the next milestones!
#Lithium #AICEP #Portugal #CRMA #EnergyTransition #EVBatteries #TrรกsosMontes #Boticas #Barroso #EnergyofBarroso
Savannah Resources is proud to share that the European Commission has officially selected the #BarrosoLithiumProject as one of the first Strategic Projects under the EUโs Critical Raw Materials Act (#CRMA).
This recognition places ๐ญ๐ก๐ ๐๐ซ๐จ๐ฃ๐๐๐ญ ๐๐ฆ๐จ๐ง๐ ๐ฃ๐ฎ๐ฌ๐ญ 47 ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐ก๐จ๐ฌ๐๐ง ๐๐จ๐ซ ๐ญ๐ก๐๐ข๐ซ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐ญ๐จ:
Securing the EUโs strategic raw material supply
Meeting high environmental, social, and governance (ESG) standards
Demonstrating technical feasibility and cross-border benefits
๐๐ฌ ๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐ซ๐จ๐ฃ๐๐๐ญ, ๐ญ๐ก๐ ๐๐๐ซ๐ซ๐จ๐ฌ๐จ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ ๐๐ซ๐จ๐ฃ๐๐๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐๐๐ง๐๐๐ข๐ญ ๐๐ซ๐จ๐ฆ:
Coordinated support from the European Commission, Member States, and financial institutions
Enhanced access to finance and connections with key offtakers
Streamlined permitting โ no more than 27 months for extraction projects
This is a major step forward for both Savannah and Europeโs 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
๐๐๐ฏ๐๐ง๐ง๐๐ก ๐๐๐ฌ๐จ๐ฎ๐ซ๐๐๐ฌ ๐๐ง๐ง๐จ๐ฎ๐ง๐๐๐ฌ ๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐ฌ๐ญ๐๐ฉ ๐ข๐ง ๐ข๐ญ๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ ๐๐ข๐ง๐๐ง๐๐ข๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ซ๐จ๐ฌ๐จ ๐๐ข๐ญ๐ก๐ข๐ฎ๐ฆ ๐๐ซ๐จ๐ฃ๐๐๐ญ.
The company has secured eligibility for an Untied Loan Guarantee (UFK) from the Federal Republic of Germany for a loan up to USD 270 million for construction of the Barroso Lithium Project. The UFK would cover 80% of the loan and provides an attractive basis for a Project Finance loan.
๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
๐นPotential funding is based on the supply of lithium to Germany through Savannahโs non-binding offtake Heads of Terms with AMG for 90ktpa spodumene concentrate for 10 years.
๐นA loan could be sourced from Germanyโs KfW IPEX-Bank and/or other banks.
๐นAny loan would be capped at 60% of Project CAPEX, which Savannahโs 2023 Scoping Study reported at USD 280 million).
๐นThis financing represents a key step in securing full funding for the project, which is critical to Europeโs lithium supply and the growing electric vehicle market.
Savannah, KfW IPEX-Bank, and AMG shall move into the โ๐๐ซ๐จ๐ฃ๐๐๐ญ ๐ ๐ข๐ง๐๐ง๐๐ข๐ง๐ ๐๐ญ๐๐ ๐โ of KfW IPEX-Bankโs and Euler Hermes AGโs processes. The company will also continue to pursue additional funding sources and provide updates as the financing process progresses.
๐๐๐๐ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐๐ง๐ง๐จ๐ฎ๐ง๐๐๐ฆ๐๐ง๐ญ ๐ก๐๐ซ๐: https://t.co/30olT7m6EP
#lithium #spodumene #barrosolithiumproject #portugal #germany #energytransition #electricmobility #amg #KfW #eulerhermes
Savannah will be taking part in this year's @LisbonESEvent !
During the Summit, our CEO, Emanuel Proenรงa, will feature in the panel discussion "A balanced approach to delivering a resilient energy transition inclusive of industrial and other hard-to-abate sectors." It is a great opportunity for us to share the benefits of the Barroso Lithium Project and its importance in giving Portugal a leading role in Europe's energy transition.
For more details on the event and this panel, you can check the link here:https://t.co/ieqPY2AbNn
#SAV #BLP #energytransition #LESummit #lng #portugal
@Mottchen20 @aok_plus Als GF mit Stimmrecht ist man IMMER freiwillig Pflichtversichert oder privatversichert - da hast du dich wohl mal falsch beraten lassen.
#SAV reports โhighest-grade lithium intercepts to dateโ from Pinheiro. The results highlight a new high-grade zone of spodumene lithium mineralization within the Western Pegmatite at Pinheiro, identified as the first deposit to be mined when the #Barroso#Lithium Project begins production. We look forward to announcing more assay results from Pinheiro once we have received from the lab.
Dale Ferguson, #Savannah Technical Director comments that the team are โdelighted with these intercepts from the drilling undertaken recently at Pinheiro, which include the best lithium intercepts we have produced to date on the whole Projectโ, and #CEO Emanuel Proenรงa added that the results are a โgreat reminder of the Project's remaining geological potentialโ.
Read the full release: https://t.co/c6He18hQS2 #EnergyTransition
2023 #Wrapped: It has been a transformational year for #SAV, we have:
1. Received approval from the environmental regulator for our Barroso Lithium Project (BLP)
2. Released a new scoping study demonstrating post-tax NPV of US$953m for the BLP
3. Successfully completed a ยฃ6.5m fundraise
4. Appointed Emanuel Proenรงa as CEO
5. Appointed SCP as Joint Corporate Broker
6. Commenced our 2023/24 drilling programme, completing 24 of the planned 60 holes in the first phase as of 30 November
7. Continued to engage proactively with the projectโs key stakeholder groups and those concerned about its development
8. Initiated our 'Strategic Partnering Process', appointing Barclays and Barrenjoey Advisory to lead the process of identifying partners for the BLP
The team is excited as we enter 2024 continuing with all the workstreams which are key to progressing the BLP, the most significant #lithium spodumene resource in #Europe.