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LONDON - Savannah Resources (LON:SAVS) Plc, the company behind Europe’s largest spodumene lithium deposit, announced that its CEO Emanuel Proença has been featured in a recent interview on the Crux Investor podcast. In the discussion, Proença outlined the advancements of the Barroso Lithium Project in Portugal, designated as a ’Strategic Project’ by the European Commission under the Critical Raw Materials Act in March 2025.
During the podcast, the CEO touched on several aspects, including the project’s development milestones, the current state of the lithium market, and Savannah’s role in shaping the European lithium battery value chain. Proença also highlighted the company’s strategic partnerships and its commitment to stakeholder engagement programs.
The Barroso Lithium Project, wholly owned by Savannah, is poised to significantly contribute to Europe’s lithium supply, which is critical for the continent’s energy transition efforts. The project is expected to produce lithium for roughly half a million electric vehicle battery packs annually, aligning with the European Commission’s goal to secure a minimum of 10% indigenous lithium production by 2030.
Savannah emphasizes the responsible development of the project, aiming to minimize environmental impact while maximizing socio-economic benefits for stakeholders. The company’s efforts are seen as instrumental in securing a local lithium raw material supply for Europe, which is crucial for the region’s burgeoning battery industry and overall energy independence.
The Barroso Lithium Project’s contribution is particularly significant as it is set to supply a considerable portion of Europe’s lithium needs, supporting the European Commission’s Critical Raw Material Act’s objectives. Savannah’s strategic positioning as a key player in the lithium market is further solidified by this project.
The interview with Emanuel Proença is now available for public viewing, providing insights into Savannah’s operations and strategic direction. The company, listed on the London Stock Exchange (LON:LSEG)’s Alternative Investment Market (AIM) under the ticker "SAV," continues to focus on developing the Barroso Lithium Project, with the information based on a press release statement.
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