On Jan. 9, 2026, Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, a ‘Strategic Project’ under the European Critical Raw Materials Act and Europe’s largest spodumene lithium deposit, announced the award of a non-reimbursable grant of up to approximately €110 million (approximately US$128 million) from the Portuguese State and supported by national funds under the European Commission Temporary Crisis and Transition Framework.
The Grant represents a highly significant financial contribution towards the planned construction of the Project and further demonstrates the support the Project is receiving from the Portuguese State in recognition of its status as an asset of national and European importance in a new strategic industry for the country and the European Union.
Full details available at Savannah Announcement – 9 Jan 2026
