Business
Chairman and Chairman Elect AGM Statements
Chairman and Chairman Elect AGM Statements.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n \n24 June 2024\n \nSavannah Resources Plc\n(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the 'Company')\n \nChairman and Chairman Elect AGM Statements\n \nSavannah hosts its Annual General Meeting ('AGM') today at 10:00 BST at Druces LLP, Salisbury House, London Wall, London, EC2M 5PS (Exchange Meeting Room). Ahead of the AGM, the Company is providing the following statements from its current Chairman and Chairman-Elect.\n \nChairman's AGM Statement\nIn the period between the publication of our Annual Report and the AGM last year, Savannah passed two very important milestones. The award of the DIA for our Barroso Lithium Project (the 'Project'), a key endorsement from Portugal's environmental regulator, and the publication of a new, highly positive, Scoping Study. Those milestones laid the foundation for a successful fundraise last July which has allowed us to make meaningful progress since then on the Project's Definitive Feasibility Study, remaining Environmental Licence process, and with expanding our team at all levels.\n \nThis year, the interim period between the Annual Report and AGM has again been marked by an equally important development, Savannah's new strategic partnership with AMG Critical Materials N.V. ('AMG'). This partnership not only provides Savannah with the financing it needs to take the Project through to a Final Investment Decision, but potentially all the finance required to build the Project as well. Furthermore, it pairs us with an established spodumene concentrate producer, capable of providing valuable technical insight to Savannah as we continue with our Project's development, backed by our replenished cash reserves which now stand at over £21m. AMG'...