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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

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Share Price: 3.30
Bid: 3.20
Ask: 3.40
Change: -0.10 (-3.03%)
Spread: 0.20 (6.25%)
Open: 3.30
High: 3.40
Low: 3.20
Prev. Close: 3.30
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Savannah Resources strikes agreement with ABB

Wed, 30th Mar 2022 07:40

(Sharecast News) - Lithium developer Savannah Resources has struck a memorandum of understanding with technology outfit ABB as it progresses with its plans for a zero-emission lithium project in Europe.

Savannah said on Wednesday that it was undertaking a definitive feasibility study for the construction of its Barroso lithium concentrate production facility in northern Portugal as part of its commitment to move towards net-zero Scope 1 and 2 emissions for the project by maximising the use of renewable electricity to power mineral production and processing operations.

The AIM-listed firm stated that under the early-stage agreement, ABB will apply its technical expertise to outline production control and process solutions for lithium concentrate production and integrated spodumene mining operations in line with Savannah's target of zero-emission operations by 2030.

Savannah will also work towards binding agreements with ABB in relation to electrification, automation and digital solutions in the future.

Chief executive David Archer said: "ABB is at the forefront of the automation and electrification we require for our decarbonisation journey as we progress the development of the Barroso Lithium Project. We are pleased to have their expertise as we continue to execute on our decarbonisation strategy to build Europe's first spodumene production facility, as a critical supplier of low carbon raw materials for lithium-ion batteries."

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26 May 2023 11:48

IN BRIEF: Savannah Resources notes sales of Petronas's assets

Savannah Resources PLC - London-based energy company, with projects in Cameroon, Chad, Niger and Nigeria - Gets notice from Petronas Overseas Ventures of sale of its assets to Societe des Hydrocarbures. This comes after a share purchase agreement for a wholly owned affiliate of Savannah to purchase Petronas's asset portfolio in Chad and Cameroon was terminated in December. Petronas owned 30% of Cameroon Oil Transportation Company SA, while Savannah currently holds a 41% interest in COTCO.

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21 Apr 2023 14:45

IN BRIEF: Savannah Resources strategy chief buys 1.6 million shares

Savannah Resources PLC - European lithium development company - Chief Strategy Officer Sascha Keen buys 1.6 million shares at an average price of 3.66 pence each. The shares were bought in three separate transactions on Monday, Tuesday, and Wednesday, worth GBP59,360, in London.

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20 Apr 2023 17:35

Savannah Energy to develop new hydroelectric project in Cameroon

(Alliance News) - Savannah Energy PLC said on Thursday that its subsidiary had signed a memorandum of agreement with the government of the Republic of Cameroon for the development of a new hydroelectric project in the country's northern region.

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20 Apr 2023 17:23

TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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5 Apr 2023 16:52

IN BRIEF: Savannah Resources reports narrowed full year loss

Savannah Resources PLC - European lithium development company - Reports pretax loss from continuing operations of GBP2.7 million in 2022, narrowed from GBP3.5 million a year prior. Adds revenue was zero in the period, unchanged from 2021, while administration expenses rose to GBP3.5 million from GBP3.3 million. Highlights a foreign exchange gain of GBP0.8 million compared to GBP0.2 million. Explains should a positive decision on the project's environmental report be received from the Portuguese environmental regulator, cash reserves will carry the company into the second phase of the environmental licencing process and allow Savannah to progress the definitive feasibility study on the Barroso Lithium Project.

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3 Apr 2023 16:57

Savannah Resources says Barroso public consultation period extended

(Alliance News) - Savannah Resources PLC on Monday said it has been told by the Portuguese Environmental Agency that the public consultation period on its Barroso lithium project will be extended by a further 15 days.

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23 Mar 2023 19:36

TRADING UPDATES: Regulatory wins for Eden; Marula AIM listing progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Mar 2023 20:15

TRADING UPDATES: Powerhouse Energy hails lease for forthcoming centre

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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17 Mar 2023 16:28

Savannah Resources upbeat on proposed EU materials regulation

(Sharecast News) - Lithium developer Savannah Resources welcomed the new Critical Raw Materials Act from the European Commission on Friday.

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23 Feb 2023 16:53

Savannah meets with Portugal environment watchdog over lithium project

(Alliance News) - Savannah Resources PLC on Thursday said it completed meetings with Portugal's environment watchdog over its Barroso lithium's project envrionmental impact assessment, and that it is on track to deliver an updated project report for March 17.

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14 Feb 2023 17:17

Savannah Resources notes Portuguese state acquitted as defendants

(Alliance News) - Savannah Resources PLC on Tuesday noted that Portugal has been acquitted as a defendant in the lawsuit brought against it by the parish of Covas do Barroso.

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6 Feb 2023 11:31

Savannah Resources confident of decarbonisation due to study results

(Alliance News) - Savannah Resources PLC on Monday said that the company's path towards decarbonisation remains clear, after receiving encouraging results from initial study work.

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27 Jan 2023 10:46

IN BRIEF: Savannah says deal with MRG Metals on mining asset expired

Savannah Resources PLC - Europe-focused lithium development company - Says the period to conclude an option agreement with MRG Metals Ltd for its remaining mining concession in Mozambique has expired. Both parties have mutually decided not to proceed with entering into an option agreement.

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18 Jan 2023 21:58

TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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30 Dec 2022 12:27

IN BRIEF: Savannah Resources extends due diligence for mining sale

Savannah Resources PLC - London-based lithium development company - Extends due diligence period for proposed transaction between its subsidiary AME East Africa Ltd and MRG Metals Ltd. Says proposed transaction is sale of Mining Concession 9735C in Mozambique, relating to an option agreement entitling MRG Metals to acquire it. Extension is to January 27 from Saturday last week. Says both parties agree to allow more time for MRG Metals to conduct due diligence, while all other aspects of the proposed transaction, first announced in early November, remain unchanged.

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