“This agreement recognizes the significant potential of Barroso’s lithium resources, and the partnership announced today will allow Savannah to further expand its team in Portugal and further develop its various business fronts,” Chief Executive Officer (CEO) Emmanuel said in a statement. ) to the company that owns the Barroso lithium project.
The partnership with AMG, an international biomaterials company and one of the leaders in the lithium sector in Europe, “also represents greater potential to boost investment in the national lithium sector, through studies for the possible construction of a feldspar pilot unit and another AMG lithium refinery.”
According to the press release, under this agreement, AMG will invest approximately 19 million euros in the capital of the Savannah.
According to the press release, this partnership puts the Barroso lithium project “in a position of great stability,” thanks to “a capital increase” and “financing aimed at strengthening the project,” with Savannah guaranteeing “full financing for the implementation of the project.” Successfully completed ongoing and planned work, including team expansion and corresponding land acquisition.
