On Dec. 19, 2025, Savannah Resources Plc. confirmed that the vendor, Aldeia & Irmão, S.A. has instructed the Direção-Geral de Energia e Geologia (‘DGEG’, Directorate General for Energy and Geology) to transfer the C-190 Mining Lease (the ‘Aldeia Mining Lease’) to Savannah’s sole ownership. This request follows the recent completion of all the legal and financial processes associated with Savannah’s acquisition of the lease. Savannah Resources is the developer of the Barroso Lithium Project in Portugal, which is categorised as a ‘Strategic Project’ under the European Critical Raw Materials Act and Europe’s largest spodumene lithium deposit.
Emanuel Proença, Savannah’s CEO said, “We are delighted to have reached the final step in the Acquisition and transfer process with the Aldeia Mining Lease, which will form an integral part of the Barroso Lithium Project in years to come. This was one of the principal reasons for our recent oversubscribed equity fundraising and it is very pleasing to have reached this milestone before year end. We now look forward to the Portuguese State officially transferring the Lease over to Savannah’s ownership in due course.”
Company’s full announcement is available at: Savannah announcement – 19 Dec. 2025.
