Savannah Resources explores “strategic opportunities” for lithium Mina do Barroso

According to an update from Savannah Resources (June 1, 2021), “the Heads of Agreement (‘HoA’) with Galp (announced on 12 January 2021) has now expired, and discussions in relation to strategic investment and offtake will continue with Galp outside of the exclusive terms of the HoA.

Savannah is now evaluating its many strategic options. This process may include alternative or supplementary offtake contracts, with or without investment from the offtaker(s) in Savannah or the project directly. It may also result in strategic investments in the Company independent of offtake, or the sale of a portion of the Mina do Barroso Project.

To read the full update can de read here: Mina-do-Barroso-Lithium-Project-Update.pdf

Published by

Luís Chambel

Exploration & Research Mining Engineer, MSc Engineering Geology, MBA, PhD European Engineer -EUR ING; Euro Geologist - EURO GEOL

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