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SAVNF does not currently pay a dividend.
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Savannah Resources Plc focuses on the discovery and advancement of lithium deposits throughout Portugal. Its significant holdings include the Barroso lithium project, situated in the northern region of the country. Established in 2010, the firm was initially known as African Mining and Exploration plc before adopting its current name, Savannah Resources Plc, in September 2013. The company's corporate base is located in London, United Kingdom.
Savannah Resources Plc (SAVNF) Shareholder/Analyst Call Transcript
Savannah Resources Plc (SAVNF) Discusses Project Updates and Strategic Developments in European Spodumene Lithium Operations Transcript
Savannah Resources Plc (SAVNF) Discusses Barroso Lithium Project Progress and Strategic Importance for European Supply Transcript
Savannah Resources PLC (AIM:SAV, XETRA:SAV, OTC:SAVNF) shares climbed around 10% in Wednesday morning's trade, with an operational update coming in the wake of a recent oversubscribed £9.8 million fundraise. The small-cap firm highlighted that global lithium demand has strengthened, with spodumene prices rising to about USD 1,100 per tonne, and flexed its apparent financial wherewithal as it looks toward value-adding activity.
Shares in Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) climbed 5% to 3.68p after the company completed an oversubscribed £9.2 million placing and subscription to fund expansion at its Barroso Lithium Project in northern Portugal. The fundraising, which was scaled back due to strong investor demand, saw new shares issued at 3.7p each, with additional funds expected from a separate retail offer open until 11 November.