Some more on this. One would expect even more de-risking with Govt approval and possible support with EU grants. Regarding the origin of the lithium, Reis said that CALB "certainly has solutions that consider the extraction of lithium in Portugal and from other sources", but stressed that the concept is independent and sustainable whatever the source of the raw material for the project.https://www.euractiv.com/section/politics/news/chinese-lithium-factory-in-sines-could-get-e350-million-in-eu-grants/ |
https://cnevpost.com/2025/02/25/calb-breaks-ground-battery-plant-portugal/The first phase of the Portuguese plant has an annual capacity of 15 GWh, enough to power approximately 300,000 electric vehicles (EVs), assuming each vehicle carries a 50 kWh battery pack, the report noted.The facility is located in the Portuguese city of Sines, and CALB has set up its first European battery plant there mainly because Portugal is friendly to China at the political level and has the largest lithium reserves in Europe and the eighth-largest in the world, Jiemian said. Additionally, Portugal's power system makes heavy use of renewable energy, and the city's direct rail and port connections bring convenient transportation, the report said. |
https://www.portugaltoday.news/article/portugals-2-billion-lithium-battery-factory-a-game-changer-for-electric-vehicles |
https://www.theportugalnews.com/news/2025-02-21/2-billion-lithium-battery-factory-for-portugal/95769 |
 From share price Angel
Savannah Resources* (SAV LN) – BUY, 18.1p – Barrosso fieldwork resumes following positive Portuguese State decison
Savannah Resources* (SAV LN) 4.4p, Mkt Cap £95m – Barrosso fieldwork resumes following positive Portuguese State decison
BUY – 18.1p
The government allows the Company to resume fieldwork and drilling with immediate effect at the Barroso Lithium Project in Portugal.
The state issued a “Reasoned Resolution” in response to the “Precautionary Measure” entered at the Administrative and Fiscal Court of Mirandela by three local landowners earlier in February.
Landowners disputed government order to provide the Company with a temporary access to land that it does not own for FS and permitting related work including drilling.
The resolution read “we believe that any postponement of the execution of the administrative act (the Order) being challenged in court is more costly and seriously detrimental to the public interest, and that its full effectiveness should be maintained”.
The Company is now able to return to work and will be looking to make up time lost during the two week stoppage.
Conclusion: Government decision to support its earlier order to provide the Company with a temporary access to site is a positive, confirming administrative support for the project and allowing the team to resume necessary fieldwork following a two week stoppage. FS and permitting targets reiterated for 2H25.
*SP Angel acts as Nomad and Broker to Savannah Resources |
Hopefully we are 5p plus by the time you are back, enjoy the break. |
Sounds like a 3 month tour on a sub.Enjoy your break. |
Well, as mentioned, confirmation RNsSavannah Resources - Restart of fieldwork at Project21st February 2025, 07:00LolGl all |
4.322p to 4.32p last time I tried a sell!Earlier in the day they offered 4.366p.Cheers.Gl all |
And what price be that? |
The Market Makers will take 100K shares or a multiple of that number for the same price.Gl all |
Increase in holding RNs.And they are still buying.Gl all |
Tiny volume though |
Has our local buyer found out about the court action being dismissed? That's quick! The buying price is moving now. The last two purchases went through at 4.575p.Gl all |
Our buyer is in the background!Suddenly the MM will buy your shares for 4.30p with no volume to justify the new spread.Gl all |
Meanwhile 4.1 v 4.2 |
In Canada, they really can do it differently!Nova Scotia invoked a rare legal provision to allow lithium exploration on private land without the owner's consent. The decision aligns with the government's push for resource development.hTTps://www.cbc.ca/news/canada/nova-scotia/continential-lithium-private-land-access-mining-exploration-1.7453739#NovaScotia #Mining #Lithium #ResourceDevelopmentWhat an amazing government/country.Gl all |
Nahhhh, only 20p will do!Remember, stupid used to go on and on about 20p or was it 40p? Lol.4.4378p selling price quoted for a big chunk.Choo choo.Gl all |
Could be a takeover on the cards at some point if this buying continues. Probably wishful thinking but would take 15p a share. |
As predicted RNs field.2.08 million at 4.60 early doors reported.In my opinion, I believe SAV believes in -: May the Force be with you.4.40p to sell like all day yesterday, unless you are a mate then you can buy cheaper.Gl all |
Last couple of days, some chunky trades being exchanged. Hopefully will get some idea with holdings RNS soon. |
Quote at end of article. As you say, would expect RNS tomorrow with the response " As this text went up online, the Resident received a statement from Savannah Resources which read: "We confirm that we have been notified of the injunction. We were expecting it and we have complied normally. The teams on the ground have already temporarily stopped the work they have been doing for the last two months, and today they are only carrying out security manoeuvres."The injunction is a right established by law, as are its consequences for everyone. We will treat this case calmly, like the many others already brought by the same opposition group, and we hope to get back to work quickly.' |
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