Druces’ Capital Markets team and Commercial team have advised long standing client Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) (“Savannah”), in entering into an ‘Added Value Services Agreement’ with EIT InnoEnergy. This agreement forms part of the Business Investment Platform (‘BIP’) launched by EIT InnoEnergy last September to accelerate the development of a European battery industry.

The Druces team was led by Dominic Traynor (pictured left) with assistance from Harvey Pare (pictured right). You can access their profiles by clicking on the profile pictures below.

This new relationship with EIT InnoEnergy will assist Savannah in securing finance to continue the development of its Mina do Barroso project and also in introducing potential strategic investors and potential customers to the project.

Further information

For more information, please visit:

• London Stock Exchange – https://www.londonstockexchange.com/news-article/SAV/agreement-with-eit-innoenergy/14553813 
• Savannah Resources – http://www.savannahresources.com/cms/wp-content/uploads/2020/05/InnoEnergy-Savannah-RNS_FINAL-27.05.20.pdf