Savannah Resources CEO outlines way forward after £4.8M capital raise for Barroso lithium project

Proactive - Interviews for investors

Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) CEO Emanuel Proença talked with Proactive's Stephen Gunnion about the company’s progress at its Barroso Lithium Project in northern Portugal. Savannah Resources is a junior miner fully permitted to develop a lithium spodumene resource that Proença described as “the only sizable and competitive resource in Europe.” During the interview, Proença detailed how the recent £4.8 million fundraise, which included an accelerated bookbuild and retail offer, brought more Portuguese shareholders on board. “More than 40% of the subscription was subscribed by Portuguese shareholders,” he noted. Proença explained that Savannah had already secured most of the funding for its Definitive Feasibility Study through a strategic partnership with AMG Critical Materials. The new funds will prepare Savannah for subsequent steps, including front-end engineering and project financing. He also emphasised that the project is on track to start production between late 2027 and early 2028, positioning Savannah to support Europe’s push to localise the battery value chain. Proença highlighted that in Europe, only Savannah and Keliber in Finland are advancing spodumene projects to this stage. The CEO underscored that Savannah’s work engaging transparently with local communities has helped build support and momentum. “It is very good to see that what we are doing in terms of getting closer to the local population is paying off,” he said. Visit Proactive’s YouTube channel for more interviews and updates. Don’t forget to give this video a like, subscribe to the channel, and enable notifications for future content. #SavannahResources #LithiumMining #PortugalLithium #BarrosoProject #BatteryMetals #CriticalMinerals #EuropeanMining #LithiumSupplyChain #JuniorMiners #AIMListed #MiningInvesting