CatalystWireBeta

Statement on Portuguese Public Prosecutor Actions

In brief · summary, not quotable

No summary for this filing – the full text is below.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your SAV notes

Savannah Resources Plc notes the actions taken today in the country led by the Public Prosecutor's Office of the Central Investigation and Criminal Action Department (DCIAP). According to DCIAP these actions were taken to investigate facts related to:

  • A project for a hydrogen energy production plant in Sines
  • The data centre construction project developed in the Sines Industrial and Logistics Zone
  • Lithium exploitation concessions 'in the Romano (Montalegre) and do Barroso (Boticas)'

As part of these actions Savannah confirms that investigating officials attended certain business locations in Portugal today. Savannah cooperated fully with the investigating officials and the Company will continue to do so. Neither Savannah nor any of its directors or employees are targets of the investigation (termed as "arguidos" in Portuguese).

The Company confirms that its work at the Barroso Lithium Project is continuing unencumbered while DCIAP's investigation is ongoing. The Project's Mining Lease, issued in 2006, remains in good standing and Savannah has and always will conduct its business in a fully lawful and transparent manner.

Savannah will make further announcements relating to DCIAP's investigation as appropriate.

Regulatory Information

Savannah - Enabling Europe's energy transition.

Follow @SavannahRes on Twitter

Follow Savannah Resources on LinkedIn

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note