Canaccord Genuity begins coverage on Savannah Resources

LONDON - Canaccord Genuity Limited has initiated coverage on Savannah Resources (LON:SAVS) Plc, the London-listed company announced today. Savannah Resources, operating the Barroso Lithium Project in Portugal, is recognized as Europe’s largest spodumene lithium deposit and has been designated a ’Strategic Project’ under the European Critical Raw Materials Act.

The research note by Canaccord Genuity, titled "Feeding Europe’s energy transition," is available to Research Tree subscribers and marks increased interest in the company amid Europe’s push for energy independence and sustainable resources. The Barroso Lithium Project, wholly owned by Savannah Resources, is poised to contribute significantly to the European Commission’s goal of securing a minimum of 10% of its lithium from European sources by 2030.

The Barroso Lithium Project’s strategic importance is underscored by its potential production capacity. Once operational, it is expected to produce lithium for about half a million electric vehicle battery packs annually. This aligns with the European Union’s broader objectives to enhance local raw material supply chains for the burgeoning lithium battery market.

Savannah Resources has emphasized its commitment to the responsible development of the Barroso Lithium Project, with a focus on minimizing environmental impact and maximizing socio-economic benefits for stakeholders.

The company, traded on the London Stock Exchange (LON:LSEG) under the ticker AIM:SAV, has gained attention as a significant player in Europe’s transition to renewable energy sources. This development follows the European Commission’s classification of the project as strategic in March 2025, highlighting the growing importance of domestic lithium production for the region’s energy security.

This news article is based on a press release statement from Savannah Resources Plc.

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