Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) announced that it has been approved as a corporate member of the European Association of Mining, Metal Ores & Industrial Minerals (Euromines), the highly regarded representative of the European metals and minerals mining industry.
The London-listed European lithium development company noted that Euromines promotes the industry and represents an interface between the European mineral raw materials industry and the European authorities and international or intergovernmental bodies.
In a statement, Dale Ferguson, CEO of Savannah Resources said: "We are delighted to have become a member of Euromines, which plays an important role in promoting the European mining industry to all levels of national and regional government and in building recognition of the mining industry's indispensable contribution to modern society with all stakeholders.
"The Association includes some of the largest European and global mining companies among its membership including Agnico-Eagle, Anglo American, Boliden AB, LKAB Group and Rio Tinto. Savannah is aligned with Euromines' values and we look forward to taking an active role in Euromines' input into future European policies including the Critical Raw Materials Act.
"Through our membership and association with a number of national and international industry bodies including, EIT Raw Materials, EIT InnoEnergy, the European Battery Alliance, and now Euromines, Savannah is well supported in its efforts to progress the Barroso Lithium Project, and is part of a European-wide industry dedicated to the responsible development of the raw material supply base that Europe needs for the energy transition."
Euromines currently represents around 20 large and small companies and subsidiaries in Europe and in other parts of the world, as well as 19 national mining federations. Euromines' members provide jobs to more than 350,000 people and produce more than 42 different metals and minerals.
Rolf Kuby, director general of Euromines said: "We are pleased to welcome Savannah as our latest member. We now look forward to supporting the Company in its efforts to develop it lithium raw material project in Portugal, and in the Company playing an active role in our own engagement with the European authorities around mining-related policy matters."
Euromines provides a conduit for constructive dialogue with governmental institutions in order to ensure early consultation in all those areas of EU policy and legislation affecting the industry, and to asserting the industry's views and positions, it also fosters contacts with the mining community throughout the world and is a member of the International Council on Mining & Metals and actively participates in its work programme.
Euromines also supports the Paris Agreement and the EU climate target of net-zero emissions by 2050. Its members are engaged to secure a sustainable and verifiable supply of raw materials and champion the EU principles for sustainable raw materials supply.
On his recent appointment as the new president of Euromines, Jan Moström commented: "Europe is at a crossroads and needs to urgently take the right decisions. Shall we continue to outsource raw materials production for the clean and digital transition and raise environmental pressure in other parts of the world? Or shall Europe produce them responsibly? The European mining industry is always prepared to contribute to the supply of sustainable raw materials. We are therefore looking forward to next year, when the EU will define fundamental legislation in the forthcoming Critical Raw Materials Act that will shape the future of our industry."
Savannah Resources is the owner of the Barroso Lithium Project, located close to key infrastructure in Northern Portugal which contains the most significant spodumene lithium resource in Western Europe.
Following a positive Scoping Study which outlined a conventional operation producing 175,000 tonnes of spodumene concentrate per annum, Savannah is progressing the development and environmental licencing of the Barroso Lithium Project.