The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Savannah Resources continues despite visit from Portuguese officials

Tue, 07th Nov 2023 18:18

(Alliance News) - Savannah Resources PLC on Tuesday said its work is continuing at the Barroso lithium project, whilst Portuguese investigating officials visited some of its sites.

Savannah Resources is a lithium development company focused on the Barroso project.

The company noted actions by the Portuguese public prosecutor.

These actions were taken to investigate facts into a project for a hydrogen energy production plant in Sines; the data centre construction project developed in the Sines industrial and logistics zone; and lithium exploitation concessions 'in the Romano (Montalegre) and do Barroso (Boticas)'.

As part of this, Savannah confirmed investigating officials attended certain business locations in Portugal on Tuesday.

"Savannah cooperated fully with the investigating officials and the company will continue to do so. Neither Savannah nor any of its directors or employees are targets of the investigation," the company said.

It also confirmed that its work at the Barroso lithium project is "continuing unencumbered" while the investigation is ongoing.

Shares in Savannah Resources closed flat at 3.30 pence each in London on Tuesday.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Related Shares

More News
3 May 2024 20:10

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

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

15 Apr 2024 11:49

EARNINGS: Mobeus VCT has good 2023; Itaconix, Engage XR narrow losses

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

9 Apr 2024 16:04

TRADING UPDATES: Beowulf consolidates Vardar; GIF outpaces benchmark

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

12 Mar 2024 14:21

Savannah Resources upbeat about drilling results from Pinheiro deposit

(Alliance News) - Savannah Resources PLC on Tuesday reported results from drilling at the Pinheiro deposit in its Barroso lithium project in northern ...

12 Mar 2024 11:12

AIM WINNERS & LOSERS: Savannah progresses but Portugal politics mired

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.