RE: Might as well get on with it28 Mar 2025 08:37
Translated
For Wednesday morning, Emanuel Proença, CEO of the British Minas Gerais Savannah Resources - owner of the Barroso lithium mine in Boticas - had already scheduled on his agenda an important meeting with a "top structure at the level of financing" of the European Union. A conversation that, the person responsible for Business assures, "came out reinforced" after the distinction was known (the day before).
Premium business practice, this distinction serves as a “seal of credibility” from Brussels, providing coordinated support from the Commission, Member States, and financial institutions to make these projects operational – particularly in terms of access to financing and support in establishing connections with relevant buyers.
For Savannah Resources, which is developing the Barroso lithium mine project in Boticas, the news couldn’t have come at a better time. “The timing is excellent because we had this meeting scheduled for tomorrow morning with a top-level EU financing structure. Obviously, this strengthens our position,” Emanuel Proença told Negócios.
The CEO emphasized that this classification “is further confirmation of the project’s credibility and significantly enhances its access to European capital, both public and private.” Savannah plans to start lithium production in Boticas in 2027, following bureaucratic delays.