Savannah Resources Ord Shs SAVNF

Metals & Mining Industrial Metals & Minerals

Savannah Resources Plc is a lithium development company. The Company is focused on developing the Barroso Lithium Project in Portugal, Europe's spodumene lithium deposit. The Barroso Lithium Project contains significant spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. The Barroso Lithium Project is located in northern Portugal near the town of Boticas and around 145 kilometers (km) by road from the deep-water port of Leixoes near the city of Porto. The Barroso Lithium project covers an area of 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42km2) and an adjacent, three block, mining lease application area (2.94 km2). It owns significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, it actively supports the creation of a new lithium value chain in Portugal and the rest of Europe.

OTCPK:SAVNF - Post by User

Savannah Resources Ord Shs

<< Previous

Bullboard Posts

Next >>

Post by ScandiumPoweron Oct 19, 2023 3:49am

128 Views

Post# 35690291

Lithium sourcing and refining inside EU is needed!

Rule of origin tariffs of 10% due to be imposed on EU-made EVs from January 1
At least 45% of an EV's value needs to originate in the UK or EU to avoid the hike
Batteries commonly sourced from overseas meaning EVs get stung by the rules

https://www.thisismoney.co.uk/money/electriccars/article-12643405/EVs-3400-expensive-rule-origin-post-Brexit-trade-rules.html

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features