Savannah Resources

After a ruling by the Portuguese state, Savannah Resources is allowed to immediately resume field work at the Barroso lithium project; a previously issued injunction was lifted. The state describes the project as being of national and European significance and points to its contribution to employment and growth. Barroso was classified as a strategic project under the Critical Raw Materials Act and received pledged state aid of up to €110 million. Savannah intends to complete the field programme and report on progress and the final feasibility study. » Plus sur de.investing.com

A community filed an injunction at the Administrative and Financial Court of Mirandela against the state's order for provisional land access to the Barroso lithium project, which under Portuguese law is automatically suspended pending judicial review. Savannah must temporarily halt work on the affected private properties but continues field activities on company-owned land and on areas with alternative access rights, including wildfire-preparation work. The project was designated strategic and has commitments for Portuguese grants of up to €110 million; Savannah is preparing a timely response and expects a similar outcome to earlier rulings that were decided in the project's favor. » Plus sur de.investing.com

Savannah Resources shareholders voted at the general meeting to approve the adoption of the audited financial statements for the year ended 31 December 2025, the re-election of directors Paulo Pinto and Diogo da Silveira, and the reappointment of BDO LLP as auditors. Two resolutions relating to share capital were passed with lower support: the authority to issue shares up to a nominal value of £27.69m and the disapplication of statutory pre-emption rights up to £26.74m each received larger proportions of no votes. Savannah Resources owns the Barroso lithium project in northern Portugal, which is classified as a strategic project and was promised a state grant of up to €110m. » Plus sur de.investing.com