Savannah Resources

Canaccord Genuity has been appointed as Joint Broker to Savannah Resources PLC 

Canaccord Genuity’s Corporate Broking Team is pleased to announce it has been appointed as Joint Broker to Savannah Resources PLC (“Savannah” or the “Company”).

Savannah 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 aims 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 is expected to produce enough lithium (contained in c.190,000tpa of spodumene concentrate) for approximately half a million vehicle battery packs per year.

The Company are working towards a Final Investment Decision on the Project in 2026, with first production expected to follow in 2027.