Europe’s Fledgling Lithium Dreams Face Pivotal Test in Portugal

Savannah Resources Plc is preparing for a pivotal stage in Europe’s push to secure battery metals, as it lines up financing for what could become the bloc’s largest domestic source of lithium.

The London-listed firm is completing a feasibility study at its Barroso project in northern Portugal and has started structuring funding for construction, which is expected to require €300 million ($350 million) to €350 million over the next two and a half years.