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20 Jun

Savannah Resources, AMG start strategic lithium partnership

London-listed Savannah Resources said Thursday it can now take a final investment decision (FID) on its Barroso lithium project in Portugal thanks to backing from AMG Critical Materials. The deal includes the purchase of 342.6 million new ordinary shares for £16 million ($20.3m) and an offtake head of terms agreement that could cover 45,000 tonnes/year of spodumene concentrate. The latter, which remains subject to final agreements, would be based on prevail…
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