REG - Savannah Resources - RESourceEU Action Plan – Update

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RNS Number : 2858L  Savannah Resources PLC  12 December 2025

 

12 December 2025

 

Savannah Resources Plc

(AIM: SAV) ('Savannah', or the 'Company')

 

RESourceEU Action Plan - Update

European Commission provides further details of RESourceEU Action Plan

 

Savannah Resources Plc, the developer of the Barroso Lithium Project in
Portugal, a 'Strategic Project' under the European Critical Raw Materials Act
and Europe's largest spodumene lithium deposit (the 'Project'), welcomes the
further details of the RESourceEU Action Plan which were announced by the
European Commission last week following the launch of the Action Plan in late
October by President Ursula von der Leyen.

 

Relevant ResourceEU Action Plan highlights include:

·    Project funding: The EU will mobilise up to €3 billion over the
next 12 months to support projects that can provide alternative supplies in
the short term.

·    Promotion of critical raw materials projects by de-risking
investments and fast-tracking permitting the Commission will accelerate
EU-relevant projects by mobilising financial de-risking tools and removing
regulatory bottlenecks to fast-track Strategic Projects with the potential to
reduce dependencies for critical raw materials by up to 50% by 2029.

·    Creation of a European Critical Raw Material Centre to provide market
intelligence, steer and finance strategic projects using tailored instruments
and act as portfolio manager for diversified and resilient supply chains.

·    Creation of a Raw Materials Platform to facilitate the efforts of
downstream consumer companies to aggregate demand, jointly purchase strategic
raw materials and secure offtake agreements.

·    Stimulating diversification in supply chains: The Commission is
proposing an amendment to the Critical Raw Materials Act, to stimulate the
supply chain diversification efforts of large market operators, in order to
prevent dependence on single sources of supply. The Commission now seeks the
capacity to incentivise effective diversification measures that large
companies should adopt in the event of significant vulnerabilities, and, in
case of non-action, make diversification mandatory.

Stéphane Séjourné, Executive Vice-President for Prosperity and Industrial
Strategy said, "Today, Europe acts on its independence in critical raw
materials. With the RESourceEU Action Plan, we are equipping ourselves with
the tools we need to accelerate our own production, and diversify our supply,
of critical raw materials. This ranges from new financing to facilitated
regulatory procedures, all the way to reinforced & new international
partnerships. In this global race for the materials our industries need the
most, RESourceEU is an engine of our industrial sovereignty. A cornerstone of
Europe's economic security."

Emanuel Proenca, CEO of Savannah said, "It's good to see the further steps
that the European Commission is going to take to ensure the availability of
critical raw materials, such as lithium, for the region's key industries and
to support its greater energy independence. As the owner of a 'Strategic
Project' within the EU, which can responsibly supply lithium raw material at
scale, Savannah agrees that further action is required and stands ready to
play its part in this new Action Plan. We stated this message clearly at our
meeting at the European Commission in mid-November, and we are encouraged to
see that it was heard. We will maintain our engagement with the key actors
within the relevant European bodies to ensure that Savannah's potential to
contribute is fully recognised and that all support available through this
initiative is received."

 

Further information

 

Objectives of the initiative:

Building on the Critical Raw Materials Act (CRMA)
(https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Feur-lex.europa.eu%2Feli%2Freg%2F2024%2F1252%2Foj%2Feng&data=05%7C02%7CAsa.Bridle%40savannahresources.com%7C7fe0e233d45145789ed408de3332cef3%7C1736187a84684835896f1682c89c4616%7C0%7C0%7C639004490456682272%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=X%2BK0Dfsh2HTvttxyiivWpownKhFuPO8G6%2B%2Fdh3OsaT8%3D&reserved=0)
, the initiative provides financing and concrete tools to protect key
industrial sectors such as automotive, defence, aerospace and digital from
geopolitical and price shocks and supply chain disruptions. To achieve this,
the initiative will promote critical raw materials projects in Europe and
beyond, and partner with third-party countries to diversify supply chains. The
plan aims to fast-track relevant projects and reduce strategic dependencies
and to protect the Single Market and bolster supply chain resilience.

 

Key parts of the new initiative which are relevant to Savannah include:

·    Project funding: The EU will mobilise up to €3 billion over the
next 12 months to support projects that can provide alternative supplies in
the short term.

·    Creation of the European Critical Raw Material Centre: to be set up
in early 2026 by the Commission, to provide market intelligence, steer and
finance strategic projects using tailored instruments with private and public
partners, and act as portfolio manager for diversified and resilient supply
chains.

·    Promotion of critical raw materials projects by de-risking
investments and fast-tracking permitting. The Commission will accelerate
EU-relevant projects by mobilising financial de-risking tools and removing
regulatory bottlenecks to fast-track Strategic Projects with the potential to
reduce dependencies by up to 50% by 2029.

·    Creation of a Raw Materials Platform: To protect the industry from
geopolitical and price volatility while increasing awareness of possible
shortages, the Raw Materials Platform will facilitate the efforts of companies
to aggregate demand, jointly purchase strategic raw materials and secure
offtake agreements. Work is underway with Member States on a coordinated EU
approach to stockpiling critical raw materials, with a pilot scheme set to
become operational in early 2026.

·    Stimulating diversification in supply chains: The Commission is
proposing an amendment to the CRMA, to stimulate the supply chain
diversification efforts of large market operators, in order to prevent
dependence on single sources of supply. The Commission now seeks the capacity
to incentivise effective diversification measures that large companies should
adopt in the event of significant vulnerabilities, and, in case of non-action,
make diversification mandatory. This would oblige large companies to source
some of their critical raw materials needs from suppliers in Europe and
friendly third-party countries.

Other key elements of the initiative include:

·    Partnering with like-minded countries for strong and diversified
supply chains. The EU will deepen cooperation with like-minded partners to
diversify supply and accelerate industrial cooperation, building on the
existing 15 Strategic Partnerships signed with resource-rich countries. The EU
is also working on dedicated investment frameworks for integrated critical raw
materials value chains with Ukraine, Western Balkans and its Southern
Neighbourhood. The Commission will further pursue win-win investment projects
through its 'Global Gateway' programme with emerging markets and developing
economies. Internally, the EU supports the Canada-led G7 Critical Minerals
Production Alliance and the G7 roadmap for standards-based markets and will
promote strong diversification through the G20 Critical Minerals Framework.

 

Useful links

The RESourceEU Action Plan can be accessed here
(https://single-market-economy.ec.europa.eu/document/download/01c448d6-dc93-40d7-9afe-4c2af448d00c_en)
.

A factsheet on the RESourceEU Action Plan, created by European Commission can
be accessed here
(https://ec.europa.eu/commission/presscorner/api/files/attachment/881971/ResourceEU_Factsheet.pdf)
.

 

Savannah - Enabling Europe's energy transition.

 

**ENDS**

Follow @SavannahRes on X (Formerly known as Twitter)

Follow Savannah Resources on LinkedIn

 

For further information please visit www.savannahresources
(http://www.savannahresources) .com or contact:

 

 Savannah Resources PLC                                            Tel: +44 20 7117 2489

 Emanuel Proença, CEO
 SP Angel Corporate Finance LLP (Nominated Advisor & Broker)       Tel: +44 20 3470 0470

 David Hignell/ Charlie Bouverat (Corporate Finance)

 Grant Barker/Abigail Wayne (Sales & Broking)

 Canaccord Genuity Limited (Joint Broker)                          Tel: +44 20 7523 8000

 James Asensio / Charlie Hammond (Corporate Broking)

 Ben Knott (Sales)
 Portugal Media Relations

 Savannah Resources: Antonio Neves Costa, Communications Manager   Tel: +351 962 678 912

 

About Savannah

Savannah Resources is a mineral resource development company and the sole
owner of the Barroso Lithium Project (the 'Project') in northern Portugal. The
Project is the largest battery grade spodumene lithium resource outlined to
date in Europe and was classified as a 'Strategic Project' by the European
Commission under the Critical Raw Materials Act in March 2025.

 

Through the Project, Savannah will help Portugal to play an important role in
providing a long-term, locally sourced, lithium raw material supply for
Europe's lithium battery value chain. Once in operation the Project will
produce enough lithium (contained in c.190,000tpa of spodumene concentrate)
for approximately half a million vehicle battery packs per year and hence make
a significant contribution towards the European Commission's Critical Raw
Material Act goal of a minimum 10% of European endogenous lithium production
from 2030.

 

Savannah is focused on the responsible development and operation of the
Barroso Lithium Project so that its impact on the environment is minimised and
the socio-economic benefits that it can bring to all its stakeholders are
maximised.

 

The Company is listed and regulated on the AIM Market of the London Stock
Exchange and trades under the ticker "SAV".

 

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