EU Reconfirms Savannah Resources' Portuguese Lithium Project Strategic Status

07:28 AM EST, 12/04/2025 (MT Newswires) -- Savannah Resources (SAV.L) said Thursday the European Commission kept its Barroso lithium project in Portugal in the list of strategic projects for the European Union. The project, which was awarded the strategic project tag in March, was facing opposition from various groups, who requested the commission to conduct an internal review into its decision to recognize Barroso as a strategic project. The commission re-examined the project, including its impact on the region's water resources, and reconfirmed it as a strategic project under the EU's Critical Raw Materials Act.