Last checked at 5 Oct 2021 07:00
5 October 2021
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')
Savannah joins the newly formed International Lithium Association
Savannah Resources plc, the European lithium development company, is pleased to announce that it has become an Associate member of the International Lithium Association ("ILiA"), the newly formed global lithium industry trade organisation.
Mr Anand Sheth, Founding Chairman of ILiA, said: "We have created a global lithium professional association for two strong reasons: there wasn't one before and lithium is key to the current global energy revolution as the world transitions towards 'net zero carbon' which will bring unprecedented growth to the market but also intense attention from media, government regulators, civil society, end-user groups and other external stakeholders. The Association will include Members from the entire supply chain: from Resource to the end-users.
"Our vision is to become 'the voice of the lithium industry'."
David Archer, CEO of Savannah said: "We are delighted to be joining the International Lithium Association, which is set to become a vital trade organisation for the many stakeholders in this rapidly growing, global industry. As Anand has said, given lithium's key role in the global energy transition, it is very likely that the attention the lithium industry is already receiving from governments, the media and civil society is going to increase significantly. Hence, having a trade association with the voice of the industry will be key to providing accurate market information as well as a unifying and consistent message to external stakeholders on how the industry is meeting the demands and challenges placed upon it. ILiA will also have an important role in bringing together the diverse membership of this industry to help build bridges within the lithium supply chain and promote best practice in areas such as ESG.
"Savannah looks forward to working with ILiA and its members, with a particular focus on developing the lithium value chain in Europe."
About the International Lithium Association
Against a background of exceptional growth in the lithium market, the International Lithium Association ("ILiA"), a new global, not-for-profit, trade association for the lithium industry has been formed to represent the entire lithium value chain.
The five Founding members of ILiA are SQM, Ganfeng Lithium Co., Ltd, AMG Brazil S.A., Orocobre Ltd and Pilbara Minerals, who between them account for well over half of global lithium production. As a resource development company, Savannah has joined as an Associate member.
ILiA's primary goals are to:
· Be the voice of the lithium industry: To be the global trade association for the lithium industry, representing members' interests and addressing key technical and commercial challenges efficiently and effectively
· Promote ESG & Sustainability: To support the industry's efforts to supply high quality lithium sustainably and responsibly, and proactively promote a better understanding of ILiA members' ESG credentials
· Be a global authority on lithium: To be recognised as a trusted source of knowledge on all aspects of the lithium industry by regulators, governments, industry, civil society, media and the public
· strive to support its members' interests through:
o Protecting and growing the market for lithium in all its forms
o Encouraging a competitive and appropriate legislative and regulatory environment
o Promoting the reputation of the lithium industry as a sector with deep expertise in stable supply, product stewardship, responsible sourcing and sustainability
The new organisation will have its headquarters and secretariat in London, UK, though its first Chairman, Anand Sheth, will continue to be based in Perth in Western Australia. London was chosen to host ILiA as its time-zone bridges the two key current producing regions, Australia and South America, as well as being home to world-class professional services and close to European regulators.
Further information on ILiA can be found at www.lithium.org
**ENDS**
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For further information please visit www.savannahresources.com or contact:
Savannah Resources PLC David Archer, CEO
| Tel: +44 20 7117 2489
|
SP Angel Corporate Finance LLP (Nominated Advisor) David Hignell / Charlie Bouverat
| Tel: +44 20 3470 0470
|
finnCap Ltd (Joint Broker) Christopher Raggett/ Tim Redfern
| Tel: +44 20 7220 0500
|
WH Ireland Limited (Joint Broker) Jessica Cave/ Ben Good (Corporate Finance) Adam Pollock/ Jasper Berry (Corporate Broking)
| Tel: +44 20 7220 1666
|
Camarco (Financial PR) Nick Hennis / Gordon Poole | Tel: +44 20 3757 4980 |
About Savannah
Savannah is a diversified resources group (AIM: SAV) with two development stage projects, Mina do Barroso, a hardrock lithium project in Portugal which has the largest spodumene lithium resource in Europe, and the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major, Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.
The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".