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Savannah Resources (SAV) Share News

IN BRIEF: Savannah Resources notes sales of Petronas's assets

26th May 2023 11:48

Savannah Resources PLC - London-based energy company, with projects in Cameroon, Chad, Niger and Nigeria - Gets notice from Petronas Overseas Ventures of sale of its assets to Societe des Hydrocarbures. This comes after a share purchase agreement for a wholly owned affiliate of Savannah to purchase Petronas's asset portfolio in Chad and Cameroon was terminated in December. Petronas owned 30% of Cameroon Oil Transportation Company SA, while Savannah currently holds a 41% interest in COTCO. Read More

IN BRIEF: Savannah Resources strategy chief buys 1.6 million shares

21st Apr 2023 14:45

Savannah Resources PLC - European lithium development company - Chief Strategy Officer Sascha Keen buys 1.6 million shares at an average price of 3.66 pence each. The shares were bought in three separate transactions on Monday, Tuesday, and Wednesday, worth GBP59,360, in London. Read More

Savannah Energy to develop new hydroelectric project in Cameroon

20th Apr 2023 17:35

(Alliance News) - Savannah Energy PLC said on Thursday that its subsidiary had signed a memorandum of agreement with the government of the Republic of Cameroon for the development of a new hydroelectric project in the country's northern region. Read More

TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

20th Apr 2023 17:23

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Savannah Resources reports narrowed full year loss

5th Apr 2023 16:52

Savannah Resources PLC - European lithium development company - Reports pretax loss from continuing operations of GBP2.7 million in 2022, narrowed from GBP3.5 million a year prior. Adds revenue was zero in the period, unchanged from 2021, while administration expenses rose to GBP3.5 million from GBP3.3 million. Highlights a foreign exchange gain of GBP0.8 million compared to GBP0.2 million. Explains should a positive decision on the project's environmental report be received from the Portuguese environmental regulator, cash reserves will carry the company into the second phase of the environmental licencing process and allow Savannah to progress the definitive feasibility study on the Barroso Lithium Project. Read More

Savannah Resources says Barroso public consultation period extended

3rd Apr 2023 16:57

(Alliance News) - Savannah Resources PLC on Monday said it has been told by the Portuguese Environmental Agency that the public consultation period on its Barroso lithium project will be extended by a further 15 days. Read More

TRADING UPDATES: Regulatory wins for Eden; Marula AIM listing progress

23rd Mar 2023 19:36

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Powerhouse Energy hails lease for forthcoming centre

17th Mar 2023 20:15

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

Savannah meets with Portugal environment watchdog over lithium project

23rd Feb 2023 16:53

(Alliance News) - Savannah Resources PLC on Thursday said it completed meetings with Portugal's environment watchdog over its Barroso lithium's project envrionmental impact assessment, and that it is on track to deliver an updated project report for March 17. Read More

Savannah Resources notes Portuguese state acquitted as defendants

14th Feb 2023 17:17

(Alliance News) - Savannah Resources PLC on Tuesday noted that Portugal has been acquitted as a defendant in the lawsuit brought against it by the parish of Covas do Barroso. Read More

Savannah Resources confident of decarbonisation due to study results

6th Feb 2023 11:31

(Alliance News) - Savannah Resources PLC on Monday said that the company's path towards decarbonisation remains clear, after receiving encouraging results from initial study work. Read More

IN BRIEF: Savannah says deal with MRG Metals on mining asset expired

27th Jan 2023 10:46

Savannah Resources PLC - Europe-focused lithium development company - Says the period to conclude an option agreement with MRG Metals Ltd for its remaining mining concession in Mozambique has expired. Both parties have mutually decided not to proceed with entering into an option agreement. Read More

TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds

18th Jan 2023 21:58

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

IN BRIEF: Savannah Resources extends due diligence for mining sale

30th Dec 2022 12:27

Savannah Resources PLC - London-based lithium development company - Extends due diligence period for proposed transaction between its subsidiary AME East Africa Ltd and MRG Metals Ltd. Says proposed transaction is sale of Mining Concession 9735C in Mozambique, relating to an option agreement entitling MRG Metals to acquire it. Extension is to January 27 from Saturday last week. Says both parties agree to allow more time for MRG Metals to conduct due diligence, while all other aspects of the proposed transaction, first announced in early November, remain unchanged. Read More

CORRECT (Dec 09): Savannah Energy completes Exxon Mobil acquisition

13th Dec 2022 11:22

(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy, not Savannah Resources.) Read More

TRADING UPDATES: Savannah completes Exxon Mobil portfolio acquisition

9th Dec 2022 19:54

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Lekoil to change name to Fenikso as reaches legal settlement

8th Dec 2022 14:41

Lekoil Ltd - Cayman Islands-based litigation asset company with an investment in oil & gas assets in Nigeria - Lekoil Nigeria Ltd on Thursday confirms the announcement made by Lekoil Ltd late Wednesday that the two sides have agreed to end all legal proceedings against each other and settle all claims. As part of the deal, the two companies agree to surrender all shares in each other. Read More

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