Strategic lithium Savannah Resources controls the Barroso Lithium Project in Northern Portugal, the region’s most significant spodumene resource in Western Europe, presenting a compelling source of supply for European battery manufacturers and downstream processing partners.

DFS progress A Definitive Feasibility Study is underway for Barroso, with ongoing environmental licencing and a positive scoping study, signaling near-term readiness for project financing and potential long-term supply agreements.

Public funding Recent government grants and financing totaling around €110 million and $127 million bolster project viability, indicating strong alignment with public sector incentives and opportunities for cost-sharing arrangements with suppliers and contractors.

Expanding footprint Plans to begin construction in 2027 and expand Barroso facilities, plus potential acquisitions near the Barroso concession, create opportunities for equipment vendors, EPC contracts, and local service providers.

Regulatory readiness With environmental impact assessments under regulatory review and the project designated as strategic under European Critical Raw Materials Act, there are opportunities to engage in permitting support services, ESG consulting, and compliance-related technology solutions.