M&A

Savannah eyes sale of stake in Mina do Barroso

Shares in AIM-listed Savannah Resources fell 5% on Tuesday morning after the company revealed it was weighing up "strategic opportunities" including selling off a stake in its Mina do Barroso lithium project in Portugal.

Savannah Resources' Mina do Barroso lithium project in Portugal

Savannah Resources' Mina do Barroso lithium project in Portugal

Savannah signed a heads of agreement with Portugal's Galp in January regarding a project level $6.4m investment for a 10% stake and 100ktpa concentrate offtake.   The agreement has since expired, although...

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