Savannah Resources - Holding(s) in Company

Savannah Resources

17/04/2026 07:00

RNS Number : 8402A

Savannah Resources PLC

17 April 2026

 

 

17 April 2026

                                                                                                         

Savannah Resources Plc

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

 

Holding(s) in Company

 

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, announces it has received notification that Grupo Lusiaves SGPS, S.A. has transferred its shareholding in the Company to Telmory, LDA (the "Transfer"). Grupo Lusiaves SGPS, S.A. and Telmory, LDA are ultimately owned by the same shareholder and his related parties.

 

Following the Transfer, Telmory, LDA owns 257,482,019 ordinary shares in Savannah, representing 10.0% of the Company's issued share capital and Grupo Lusiaves SGPS, S.A. no longer has an interest in the Company.

 

The total shareholding in Savannah controlled by the relevant shareholder and his related parties is unchanged and remains at 10.0% of the Company's issued share capital.

 

 

Savannah - Enabling Europe's energy transition.

 

**ENDS**

 

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For further information please visit www.savannahresources.com or contact:

 

Savannah Resources PLC
Emanuel Proença, CEO
Tel: +44 20 7117 2489
SP Angel Corporate Finance LLP (Nominated Advisor & Broker)
David Hignell/ Charlie Bouverat (Corporate Finance)
Grant Barker/Abigail Wayne (Sales & Broking)
Tel: +44 20 3470 0470
Canaccord Genuity Limited (Joint Broker)
James Asensio / Rory Blundell/ Charlie Hammond (Corporate Broking)
Ben Knott (Sales)
Tel: +44 20 7523 8000
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, was classified as a 'Strategic Project' by the European Commission under the Critical Raw Materials Act in March 2025 and was approved for a Portuguese State development Grant of up to €110m in January 2026.

 

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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