https://www.miningweekly.com

Savannah lists on Frankfurt exchange

4th September 2018

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Aim-listed lithium project developer Savannah Resources has added a secondary listing on the Frankfurt Stock Exchange to increase its investor and corporate visibility in mainland Europe.

The choice of a listing in Frankfurt is significant, as Germany is one of the continents’ largest consumers of lithium.

“Europe and particularly Germany, is a major consumer of lithium and demand fundamentals going forward remain strong.  With Mina do Barroso being the largest spodumene lithium discovery in Western Europe we anticipate greater demand for Savannah's shares and this secondary listing will help facilitate investment by European investors in the company,” commented CEO David Archer.

The Mina do Barroso feasibility study, which is currently under way, is fully funded following a recent fundraise of £12.5-million. The company is aiming to have the Portugal project in production by 2020.

“We are confident that significant further upside exists, with excellent potential to increase the mineral resource estimate in due course," he added.

Following the secondary listing, the company's issued share capital will continue to trade on the Aim and the Börse Stuttgart.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 1.066s - 128pq - 2rq
Subscribe Now