's () David Archer talks to Proactive London about their agreement with 'one of Europe's energy majors' Galp.
The proposed partnership is for a proposed partnership in the lithium field around the Mina do Barroso mining project in northern Portugal.
Archer calls Galp the 'ideal candidate for partnership', which envisages Galp taking a 10% stake in Savannah’s subsidiary via a US$6.4mln investment, to support a definitive feasibility study.
Together the partners intend to work on a possible offtake agreement for up to 100,000 tonnes per annum of lithium concentrate from Mina do Barroso.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Savannah Resources PLC named herein, including the promotion by the Company of Savannah Resources PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE