By Ian Walker
Savannah Resources isn’t in a sale process for either the company or the Barroso Lithium project.
The Portugal-focused lithium miner said Monday that it has received significant commercial interest in the project for several years now and is working to identify a shortlist of potential partners for the project.
“Savannah is focusing on identifying groups which are willing to assist with the financing of the project’s construction and bring complementary skills or additional opportunities to a long-term partnership with Savannah,” it said, adding that it expects to provide an update toward the end of the year.
Shares at 1420 GMT were down 0.10 pence, or 2.7%, at 3.55 pence.
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