Savannah Resources PLC The Portuguese Association for the Battery Cluster (7647C)
23 Junio 2021 - 1:00AM
UK Regulatory
TIDMSAV
RNS Number : 7647C
Savannah Resources PLC
23 June 2021
23 June 2021
Savannah Resources Plc
(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the
'Company')
Savannah joins the Portuguese Association for the Battery
Cluster as a founding member and is elected to the Association's
Board
Savannah, the resource development company focused on becoming
Europe's most significant producer of spodumene lithium concentrate
from its Mina do Barroso Project in Portugal ('Mina do Barroso', or
the 'Project'), is pleased to announce that it has joined the newly
created Portuguese Association for the Battery Cluster ('BATPower',
or the 'Cluster') as a founding member and has been elected to the
Association's Board. The Cluster has been created to maximize
Portugal's potential across the entire battery value chain and
complement its strategically important lithium resources and its
focus on becoming a European leader of lithium production.
Highlights
-- From extraction through to production, research, development,
distribution, and recycling, Portugal is in a privileged position
to take the lead in Europe and develop this essential value chain
and the transition to clean forms of energy
-- Portugal is one of the leaders in European renewable energy
production, which means that the production of batteries in the
country will have a reduced carbon footprint when compared to
production elsewhere
-- BATPower will initially focus on lithium-ion batteries, with
a commitment to develop areas such as refining and recycling,
component manufacturing, cells, control electronics and complete
batteries, applications, integration and certification. It also
intends to invest in research and development of new
technologies
-- BATPower is being coordinated by the International Iberian
Nanotechnology Laboratory, the international organisation jointly
created by the governments of Portugal and Spain specialising in
nanoscience and nanotechnology research
-- The Cluster initially brings together 23 entities from across
Portugal's burgeoning lithium sector, together with other relevant
industries, academia, and government
-- At the initial meeting Savannah was elected on to the
BATPower Board and will be represented by its Country Manager for
Portugal, João Barros
-- The renewable energy company, DST Solar, will assume the
Presidency with other founding members including the integrated
energy company, Galp, electrical equipment manufacturer, Efacec,
technology and services group, Bosch and Prio, the owner of the
largest private EV charging network in Portugal
Savannah's CEO, David Archer said: "Portugal has all the
characteristics to lead the development of the lithium value chain.
It has the largest resources of spodumene lithium in Europe and the
largest spodumene development project in Western Europe, Savannah's
Mina do Barroso. Our Project will ensure that mineral production is
carried out in a responsible and environmentally sustainable manner
and with clear socio-economic benefits for the surrounding
communities.
"We look forward to playing an active role in Portugal's new
battery cluster alongside the other founding partners. Thanks to
Mina do Barroso, Savannah can provide a responsibly managed and
long-term source of lithium raw material which can act as the
foundation for the creation of an in-country lithium value
chain."
Regulatory Information
This Announcement contains inside information for the purposes
of the UK version of the market abuse regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").
**ENDS**
Follow @SavannahRes on Twitter
Follow Savannah Resources on LinkedIn
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
David Archer, CEO
SP Angel Corporate Finance LLP (Nominated Tel: +44 20 3470 0470
Advisor)
David Hignell / Charlie Bouverat
finnCap Ltd (Joint Broker) Tel: +44 20 7220 0500
Christopher Raggett/ Tim Redfern
WH Ireland Limited (Joint Broker) Tel: +44 20 7220 1698
Jessica Cave/ Matt Chan (Corporate Finance)
Adam Pollock/ Jasper Berry (Corporate
Broking)
Camarco (Financial PR) Tel: +44 20 3757 4980
Nick Hennis / Gordon Poole
About Savannah
Savannah is a diversified resources group (AIM: SAV) with two
development stage projects, Mina do Barroso, a hardrock lithium
project in Portugal which has the largest spodumene lithium
resource in Europe, and the world-class Mutamba Heavy Mineral Sands
Project in Mozambique, which is being developed in a consortium
with the global major, Rio Tinto. The Board is committed to serving
the interests of its shareholders and to delivering outcomes that
will improve the lives of the communities we work with and our
staff.
The Company is listed and regulated on AIM and the Company's
ordinary shares are also available on the Quotation Board of the
Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the
Börse Stuttgart (SWB) under the ticker "SAV".
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPPUBUQUPGGMP
(END) Dow Jones Newswires
June 23, 2021 02:00 ET (06:00 GMT)
Savannah Resources (LSE:SAV)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Savannah Resources (LSE:SAV)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024