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LONDON - Savannah Resources PLC (AIM:SAV) signed a Memorandum of Understanding with Terra Quente Saúde Group to improve healthcare services near its Barroso Lithium Project in Portugal, according to a press release issued Monday.
The partnership aims to enhance healthcare access for both Savannah employees and local communities surrounding the lithium development in the Boticas area of northern Portugal.
Terra Quente Saúde Group currently operates three hospitals in the Trás-os-Montes region and recently opened two clinics in Mogadouro and Vila Nova de Foz Côa. The healthcare provider specializes in serving Portugal’s interior regions, reducing travel distances for patients seeking medical care.
Under the agreement, the companies will explore initiatives such as stationing medical professionals in local villages or establishing health posts in the region.
"We believe that this is an important step to integrate the Barroso Lithium Project into a broader territorial development," said Emanuel Proença, CEO of Savannah Resources.
Manuel Lemos, Director of Terra Quente Saúde Group, stated the company will "support Savannah to identify the best ways to provide the necessary health care for the current and future populations of the villages closest to the Barroso Lithium Project."
The Barroso Lithium Project, classified as a "Strategic Project" under the European Critical Raw Materials Act in March 2025, is Europe’s largest spodumene lithium deposit. When operational, the project is expected to produce lithium sufficient for approximately 500,000 vehicle battery packs annually.
The collaboration represents part of Savannah’s stated commitment to work with local partners and contribute to improving living conditions in areas near the project site.
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