A working group has been created to identify the mining potential of Portugal, to assess the needs of raw materials to supply industry, and to prepare a.
Galp buys 10% of lithium exploration project
Galp is to acquire 10% of the lithium exploration project at the Barroso Mine in Boticas, for US$6.4 million (€5.26 million), according to an agreement signed with Savannah Resources.
“Galp plans tosecure a 10 percent position in Savannah’s Portuguese subsidiaries that own the Barroso Mine for US$6.4 million [5.26 million Euros], a figure that will be used to continue work on the definitive feasibility study [‘Definitive Feasibility Study’ (“DFS”)] of the project, after due authorisations and the conclusion of definitive agreements for the partnership,” the statement sent by the mining company to the London Stock Exchange read.