This post was originally published on this site.Savannah Resources (LON: SAV) said on Wednesday it has signed three benefit sharing agreements with local communities that hold and manage communal lands (baldios) near the Barroso lithium project in Portugal. Barroso has been deemed a ‘Strategic Project’ under the European Critical Raw Materials Act and Europe’s largest spodumene lithium deposit. In 2025, Savannah lifted the reserve estimate by 40%. The London-listed company now pegs reserves at more than 39 million tonnes, up from a previous estimate of 28 million tonnes. Despite its strategic significance, the project has been met with opposition from local communities and environmental groups. The Barroso region, recognized as a World Heritage agricultural site since 2018,...
August 13, 2026August 13, 2026
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