SAV21 Jan 2026 09:12
"Official signing of the Portuguese State Grant
Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit (the 'Project'), was delighted to join with other recipients of State grants yesterday at the official signing ceremony at the Port Authority in Sines, southern Portugal. Savannah's attendance at the ceremony follows the award to the Company of a non-reimbursable grant (the 'Grant') of up to approximately €110 million (approximately US$128 million) from the Portuguese State and supported by national funds under the European Commission Temporary Crisis and Transition Framework, as announced on 9 January 2026.
Reflecting the significance of these grant awards and the underlying investments being made by the companies involved, which amount to over €3 billion , the ceremony took place in the presence of Portugal's Prime Minister Luís Montenegro, Minister of Economy and Territorial Cohesion Castro Almeida, Secretary of State for the Economy João Rui Ferreira, and the President of AICEP, Madalena Oliveira e Silva."
https://www.lse.co.uk/rns/SAV/official-signing-of-the-portuguese-state-grant-sgn9aco6hsmh5fc.html
Tick tock.