Business
Statement Re Media Speculation
Statement Re Media Speculation.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n \n \n18 September 2023\nSavannah Resources Plc\n(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the 'Company')\n \nStatement Re Media Speculation\n \nSavannah Resources Plc, the European lithium development company, notes the recent Portuguese press speculation and confirms that it is not currently in a sale process in relation to the Barroso Lithium Project (the 'Project'), or the Company itself. The assertion in the press that Savannah is close to a sale is unfounded and misleading.\n \nAs noted in Savannah's announcement on 6 September 2023, the Company has received significant commercial interest in the Project for several years now and following the endorsement of the DIA and the completion of the new positive Scoping Study, there has been additional interest generated from across the lithium value chain. From the dozens of commercial inquiries which Savannah has received, the Company is currently working through an orderly process to shortlist potential strategic partners for the Project. Savannah is focusing on identifying groups which are willing to assist with the financing of the Project's construction and bring complementary skills or additional opportunities to a long-term partnership with Savannah. The Company expects to provide an update on the Project's commercial arrangements towards the end of the year.\n \nA further announcement will be made if and when appropriate.\n \nSavannah - Enabling Europe's energy transition.\n \n**ENDS**\n \nFollow @SavannahRes on X (Formerly known as Twitter)\n \nFollow Savannah Resources on LinkedIn\n \nFor further information please visit www.savannahresources.com or contact:\n \n\n\n\n\nSavannah Resources PLC\nEmanuel Proença, CEO\n \n\n\nTel: +44 20 7117 2489\n \n\n\n\n\n \nSP Angel Corporate Finance LLP (Nominated Advisor & Joint Broker)\nDavid Hignell/ Charlie Bouverat (Corporate Finance)\nGrant Barker/Abigail Wayne (Sales & Broking)\n \n \n\n\n \nTel: +44 20 3470 0470\n \n \n\n\n\n\nRBC Capital Markets (Joint Broker)\nFarid Dadashev/ Jamil Miah\n \n\n\nTel: +44 20 7653 4000\n\n\n\n\n \nCamarco (Financial PR)\nGordon Poole/ Emily Hall / Fergus Young\n\n\nTel: +44 20 3757 4980\n\n\n\n\n \n\n\n\n\n\n\n\nLPM (Portugal Media Relations)\nHerminio Santos/ J...