Tag: Portugal

  • EU Criticised for Backing Portugal’s Barroso Lithium Mine Despite “Grave Environmental and Safety Risks”

    EU Criticised for Backing Portugal’s Barroso Lithium Mine Despite “Grave Environmental and Safety Risks”

    Environmental lawyers and community groups have sharply condemned the European Commission for refusing to remove the controversial Barroso lithium mine in northern Portugal from its list of strategic projects under the Critical Raw Materials Act (CRMA). The mine, located in Boticas, has become a flashpoint in national and international debates over the social and environmental costs of Europe’s push for domestic critical minerals.

    The Commission on Thursday rejected a joint request by Associação Unidos em Defesa de Covas do Barroso (UDCB), MiningWatch Portugal and ClientEarth to revoke the mine’s strategic designation. Critics argue that the label sidesteps mounting evidence that the project poses severe environmental, safety and social risks — and provides political cover for fast-tracking a project that local communities have opposed for nearly eight years.

    According to NGOs, the Commission largely dismissed concerns related to water scarcity, biodiversity loss and tailings safety, insisting these fall under Portuguese national responsibility. In a statement, the Commission stressed that its role under the CRMA “does not include verifying full compliance with EU environmental law,” prompting accusations that the Act is being used to override normal scrutiny through a “legal presumption” that the mine serves the public interest.

    ClientEarth lawyer Ilze Tralmaka warned that the CRMA should not be used to accelerate projects “that science shows are unsafe, environmentally destructive and unnecessary,” stressing that the green transition “cannot come at the cost of community safety.” She added that independent evidence suggests lithium demand should be reduced wherever possible, with a stronger emphasis on recycling to limit new mining.

    NGOs cite expert studies showing that Barroso’s waste storage and water management systems could fail during heavy rainfall, potentially contaminating farmland, local water sources and even affecting the Douro Valley’s world-famous Port wine region downstream. Another analysis highlighted major flaws in the project’s air-quality assessment.

    MiningWatch Portugal’s Nik Völker said the Commission’s decision “shows that the EU is willing to trade rural lives and irreplaceable landscapes for a political headline,” adding that calling the mine “strategic” does not make it safe or sustainable. “The Mina do Barroso offers minimal benefits and enormous risks: a textbook example of how not to do a green transition,” he said.

    Local opposition to the mine has been exceptionally strong, with farmers and residents warning the project threatens their land, water and livelihoods. Their activism has gained global attention, including a Cannes-premiered documentary about the community’s efforts to resist the development.

    Aida Fernandes of UDCB said the mine’s approval prioritises Europe’s interests at the expense of the people who live in Covas do Barroso. “Our springs, our soil and our farms are what keeps this community alive. Once they are gone, they are gone forever,” she said. “Europe cannot build a green future by destroying the places that are already living sustainably.”

    NGOs caution that while securing critical mineral supplies is a legitimate objective, the CRMA and the strategic project label are being misused to gain access to financing and expedited permitting for projects with major unanswered environmental and social questions.

  • Allied Critical Metals Reports Significant Resource Increase at Borralha Tungsten Project in Portugal

    Allied Critical Metals Reports Significant Resource Increase at Borralha Tungsten Project in Portugal

    Shares of Allied Critical Metals (CSE: ACM) surged on Thursday following the announcement of a major resource upgrade for its Borralha tungsten project in Portugal. The company revealed that the total resource at Borralha now stands at 13 million tonnes grading 0.21% WO₃ (tungsten trioxide) in the measured and indicated category, alongside 7.7 million tonnes grading 0.18% WO₃ in the inferred category. The update includes data from Phase 1 drilling conducted this year, focusing on the Santa Helena Breccia zone with 4,210 metres of drilling.

    This new estimate marks a significant improvement over the 2024 resource update, especially in the higher-confidence measured and indicated (M+I) category, which grew from just under 5 million tonnes to the current 13 million tonnes at the same grade. The inferred resource also saw an increase of 600,000 tonnes, though at a slightly lower grade.

    CEO Roy Bonnell described the updated resource as a “major milestone” for the Borralha project, calling it one of “Europe’s most compelling tungsten assets.” He highlighted the project’s continued success in producing record tungsten intercepts and expressed confidence in its future expansion. “With our next core drilling campaign set for early 2026, we are optimistic about further developments,” Bonnell stated.

    The Borralha project covers a 3.8-square-kilometre land package with a rich production history on its northern side. Between 1904 and 1985, the site produced over 10,280 tonnes of wolframite concentrate with an average grade of 66% WO₃.

    Looking ahead, Allied Critical Metals plans to complete a Preliminary Economic Assessment (PEA) for Borralha in the first quarter of 2026, coinciding with the expected completion of environmental and permitting processes. The company also holds the Vila Verde tungsten-tin project, located 45 km south of Borralha, which boasts a historical inferred resource of 7.3 million tonnes.

    Following the announcement, shares of Allied Critical Metals climbed 6.8%, bringing the company’s market capitalization to C$80.8 million ($57.3 million).

  • Public Backlash Grows as Savannah Resources Pushes Ahead with Lithium Plans in Boticas

    Public Backlash Grows as Savannah Resources Pushes Ahead with Lithium Plans in Boticas

    Savannah Resources’ latest update on its lithium mining plans in Boticas has triggered a wave of public backlash, with nearly 500 critical comments appearing under the report published by SIC Notícias. The response reflects rising public awareness and concern over large-scale extractive projects long opposed by environmental groups and local communities.

    Despite holding 27% Portuguese share capital and enjoying backing from the European Commission, Savannah continues to face deep mistrust. Citizens reacting to the news accused authorities of “selling the country in pieces” and appealed to the media to help resist “economic interests” they see as threatening Portugal’s landscape and rural communities.

    Critics also linked Savannah’s project to a broader trend of mega-developments — from lithium and copper mines to vast photovoltaic parks — that they fear will leave Portugal depleted of its natural assets. Activists from the movement opposing the massive Sophia Solar Park echoed the concerns, calling the situation a “calamity” and urging immediate resistance.

    Savannah, however, remains optimistic. The company aims to begin construction at the Barroso mine by late 2026 and start production in 2028. It has also secured the Aldeia concession, where it plans to extract lithium, quartz and feldspar. CEO Emanuel Proença said studies show larger-than-expected lithium resources at Boticas, projecting long-term economic benefits and job creation through on-site processing.

    Planned infrastructure includes a factory, internal roads, water reservoirs, a WWTP, offices and a laboratory — all scheduled to be built in parallel over an 18-month period. Savannah is currently awaiting government approval for a second administrative easement for geotechnical work, already facing strong local opposition.

    While the company continues to detail its engineering, financing and regulatory preparation, public sentiment appears increasingly hostile. Local residents and environmental advocates remain unconvinced and continue to challenge the project at every stage.

  • Savannah Resources Raises £9.2 Million in Oversubscribed Fundraise to Advance Barroso Lithium Project

    Savannah Resources Raises £9.2 Million in Oversubscribed Fundraise to Advance Barroso Lithium Project

    Savannah Resources Plc (AIM: SAV, FWB: SAV, SWB: SAV) announced it has successfully completed an oversubscribed £9.2 million (US$12 million) capital raise through a Placing and Subscription, with strong demand from existing and new institutional investors.

    The fundraising, managed through an accelerated bookbuild by SP Angel Corporate Finance LLP (Global Coordinator and Joint Bookrunner), alongside Canaccord Genuity Limited, Caixa-Banco de Investimento S.A., and Alantra Equities S.V. S.A., was significantly oversubscribed and scaled back as a result.

    The Company raised £5.9 million (US$7.6 million) via the Placing of 158.7 million shares and a further minimum £3.4 million (US$4.4 million) through a Subscription of at least 90.8 million shares, both at an issue price of 3.7 pence per share.

    Savannah’s Retail Offer remains open until 12:00 p.m. on 11 November 2025, after which final subscription totals will be confirmed.


    Use of Proceeds

    Net proceeds from the fundraise will strengthen Savannah’s financial position and accelerate development of the Barroso Lithium Project in northern Portugal — the largest battery-grade spodumene lithium resource in Europe and a European Commission “Strategic Project” under the Critical Raw Materials Act.

    Funds will be used to:

    • Acquire the Aldeia Mining Lease, which contains the highest-grade deposit within the Barroso Project area.

    • Advance Front-End Engineering Design (FEED) and long-lead item procurement.

    • Progress grid connection work and land control for infrastructure.

    • Cover project financing costs and provide additional working capital.


    CEO Statement

    Emanuel Proença, Chief Executive Officer, commented:

    “The strong demand from investors, which exceeded our US$12 million target, reflects growing confidence in the Barroso Lithium Project and renewed optimism in the lithium sector.

    With total cash reserves of approximately £20 million (US$26 million), Savannah is well positioned to move beyond the DFS and into pre-construction with confidence.

    The additional capital allows us to acquire the Aldeia Mining Lease and further progress critical workstreams ahead of construction.”

    Proença added that Savannah continues to expand its institutional investor base across Portugal, the UK, and Europe, with participation from both sector specialists and generalist investors. Retail investors are now able to participate through the open offer.


    Related Party Participation

    Key management and major shareholders took part in the subscription:

    Participant Subscription Shares Value (£) Resulting Shareholding
    Rick Anthon (Chairman) 550,676 £20,375 1,264,962 shares
    Emanuel Proença (CEO) 387,676 £14,352 3,124,556 shares
    Henrique Freire (CFO) 220,050 £8,135 2,520,050 shares

    Major shareholders also increased their stakes:

    • AMG Lithium B.V. subscribed for 39.1 million shares, bringing its total to 400.8 million shares.

    • Grupo Lusiaves SGPS, S.A. subscribed for 24.95 million shares (total 255.9 million).

    • Pluris Investments S.A. subscribed for 24.95 million shares (total 255.9 million).

    Their participation constitutes a related party transaction under AIM Rule 13. Independent directors Diogo da Silveira and Bruce Griffin reviewed the terms and deemed them fair and reasonable for shareholders.


    Admission and Next Steps

    Application has been made for the new shares to be admitted to trading on AIM. Dealings in the Placing and Subscription Shares are expected to commence at 8:00 a.m. on 12 November 2025.

    A separate announcement will follow for the Retail Offer results and Admission of additional shares.


    About Savannah Resources

    Savannah Resources Plc is a European lithium development company focused on the Barroso Lithium Project in northern Portugal. Once operational, the project is expected to produce around 190,000 tonnes per year of spodumene concentrate, enough lithium for approximately 500,000 electric vehicle battery packs annually.

    Through responsible development, Savannah aims to support Europe’s energy transition and contribute to the EU’s target of 10% domestic lithium supply by 2030.

  • ‘Europe’s Lithium Paradox’: Documentary Highlights Europe’s Struggle Between Green Ambitions and Mining Reality

    ‘Europe’s Lithium Paradox’: Documentary Highlights Europe’s Struggle Between Green Ambitions and Mining Reality

    Europe is facing a “critical crossroads” in its green transition, warns Dr. Peter Tom Jones, director of the KU Leuven Institute for Sustainable Metals and Minerals, whose new documentary Europe’s Lithium Paradox explores the continent’s mounting dilemma over lithium extraction.

    The one-hour film focuses on two key European lithium projects — in Portugal and Serbia — both stalled amid fierce public opposition and political hesitation. As Europe pushes to electrify transport and expand renewable energy, it finds itself torn between the need for raw materials and growing citizen resistance to mining.

    “You can’t recycle your way out of a fossil fuel economy,” Jones says. “You have to mine first — we simply don’t have enough scrap in Europe, and we won’t until at least 2035. That leaves us with a ten-year gap.”

    Europe’s Feedstock Crisis

    Jones argues that Europe’s transition to clean energy is being undermined by a lack of “feedstock” — the raw materials required for batteries, solar panels, and electric vehicles. While recycling giants like Umicore have proven high-level battery recovery is possible, the continent’s reliance on imported lithium remains a major vulnerability.

    He estimates that lithium mined in Serbia alone could power at least one million electric vehicles, potentially creating a “new ecosystem” including a refinery, battery recycling hub, and full supply chain infrastructure.

    “With ten or more industrial-scale mining sites — compared to just four today, one of which is idle — Europe could achieve self-sufficiency in lithium,” he insists. “We need to act now to avoid sleepwalking into the abyss.”

    A “Minerals Cold War”

    In the film, Jones warns that the geopolitical race for critical minerals is intensifying.

    “China and the U.S. aren’t playing by the rules — they’re making their own,” he says. “Donald Trump is pushing a capitalist model with minimum price floors for lithium, while China is restricting exports of technology metals. Europe is a bystander in this minerals cold war.”

    He argues that Europe’s regulatory delays, public protests, and political indecision risk leaving it strategically dependent on foreign supply chains — with devastating consequences for its industrial competitiveness.

    Between Industry and Activism

    Europe’s Lithium Paradox aims to spark informed debate, but its reception has been polarized. In both Serbia and Portugal, local communities refused to speak on camera, accusing the filmmakers of promoting mining interests. Ironically, mining companies also distanced themselves from the project, with some reportedly banning employees from watching it for being “too critical.”

    Jones acknowledges the tension but maintains that the documentary is “grounded in science, not politics.”

    “We’re trying to balance innovation with real-world concerns. I’ve heard the phrase ‘you can’t fight feelings with facts’ — but we can at least try to change the narrative,” he says.

    The film is currently touring European universities, R&D institutes, and industry conferences, and is also available on Amazon Prime.

    “Europe must move beyond entrenched positions and forge a united front,” Jones concludes. “This is not about taking sides — it’s about survival.”

  • Allied Critical Metals Showcases High-Grade Borralha Tungsten Drill Hits; Plans Updated Resource in Q4 2025

    Allied Critical Metals Showcases High-Grade Borralha Tungsten Drill Hits; Plans Updated Resource in Q4 2025

    Allied Critical Metals Inc. (CSE: ACM; OTCQB: ACMIF; FSE: 0VJ0) has released highlighted intercepts from its 2023–2024 drilling at the 100%-owned Borralha Tungsten Project in northern Portugal, ahead of an updated Mineral Resource Report targeted for Q4 2025. The results—previously included in the company’s July 31, 2024 NI 43-101 technical report—cover 3,685 m across 16 holes focused on the Santa Helena Breccia (SHB).

    Notable intercepts include:

    • Bo_Met_01: 106.0 m (true width 80.4 m) @ 0.21% WO₃ from 60.0 m, incl. 5.0 m (3.8 m true) @ 0.60% WO₃.

    • Bo_Met_02a: 23.0 m (21.9 m true) @ 0.53% WO₃ from 62.0 m.

    • Bo_RC_02: 108.0 m (98.3 m true) @ 0.22% WO₃ from 26.0 m, incl. 16.0 m (14.6 m true) @ 0.63% WO₃.

    • Bo_RC_11: 38.0 m (29.5 m true) @ 0.56% WO₃ from 112.0 m, incl. 10.0 m (7.8 m true) @ 1.75% WO₃.

    • Bo_RC_12: 20.0 m (19.3 m true) @ 0.50% WO₃ from 82.0 m, incl. 12.0 m (11.6 m true) @ 0.78% WO₃; plus 2.0 m (1.8 m true) @ 5.79% WO₃ from 182.0 m and 12.0 m (10.8 m true) @ 0.40% WO₃ from 238.0 m, incl. 4.0 m (3.6 m true) @ 1.12% WO₃.

    The company also highlighted a Sept 4, 2025 intercept at Borralha of 12.0 m @ 4.27% WO₃, including 6.0 m @ 8.39% WO₃ from 252.0 m downhole—one of the highest-grade tungsten hits reported in Western exploration, particularly for wolframite mineralization.

    Allied invested ~US$4.1 million in 2023–2024 exploration and is continuing 2025 drilling at SHB, with ~5,700 m from this year expected in the upcoming resource update. Current NI 43-101 resources at Borralha stand at 4.98 Mt @ 0.22% WO₃ (Indicated) and 7.01 Mt @ 0.20% WO₃ (Inferred). Management positions Borralha as a significant undeveloped tungsten asset in the West, potentially offering near-term supply outside China and Russia.

    QA/QC protocols included ALS sample preparation (Seville) and ICP-MS analyses (Loughrea), insertion of certified reference materials and duplicates at 5% each, and re-analysis of over-limit tungsten via W-XRF. The program comprised PQ diamond and RC drilling; core from metallurgical holes was split between Wardell Armstrong (met testwork) and ALS (assay). The scientific and technical information was approved by Qualified Person Vítor Arezes, BSc, MIMMM (QMR), VP Exploration.

    Allied emphasized the processing advantages of wolframite over scheelite—gravity/magnetic separation with lower capex/opex and higher recoveries—supporting project economics at grades typical of Western benchmarks. The company underscores strategic alignment with NATO-friendly supply chains amid concentrated global tungsten production.

  • Portugal’s Lithium Debate Intensifies as EU Pushes for Faster Mining Projects

    Portugal’s Lithium Debate Intensifies as EU Pushes for Faster Mining Projects

    Portugal has once again become a focal point in Europe’s race to secure lithium for electric mobility, as the European Commission presses for the removal of barriers delaying mining projects. This comes just as Savannah Resources, a UK-based company, announced a major increase in estimated resources at its Barroso project in Boticas, northern Portugal.

    Savannah reported that confirmed resources at Barroso have risen by 40% to 39 million tonnes, with exploration targets potentially lifting that figure to 62 million tonnes. The company suggested that in time, deposits could exceed 100 million tonnes of lithium mineralisation — theoretically enough to supply batteries for 47 million electric vehicles. The project, flagged by Brussels as one of three “strategic” lithium developments in Portugal, benefits from simplified licensing procedures under the EU’s Critical Raw Materials Act.

    However, local opposition remains fierce. Communities in Covas do Barroso, environmental groups, and academics argue that the mine would devastate heritage landscapes, deplete scarce water resources, and offer limited returns given Portugal’s comparatively small reserves. Despite being described as Europe’s largest deposit, Portugal holds just 60,000 tonnes of lithium reserves — far less than global leaders such as Chile, Australia, and China, which hold millions of tonnes.

    Former PSD environment secretary Joaquim Poças Martins has warned that lithium cannot be a long-term solution for Europe’s energy transition. “You cannot destroy a mountain in order to extract a few kilos of lithium,” he said, pointing instead to hydrogen as a more viable energy storage alternative.

    The European Commission, led by President Ursula von der Leyen, maintains that lithium projects are vital for reducing dependence on China and other dominant suppliers. Von der Leyen this week called for urgent action to fast-track such initiatives, citing lithium processing in Portugal as a priority.

    Yet Portugal’s environment minister Maria da Graça Carvalho has acknowledged the difficulty of advancing projects “against the will of everyone around you.” Meanwhile, a UN committee recently ruled that Portuguese authorities failed to respect citizens’ rights to environmental information and participation in the case of the Barroso mine.

    For residents, the stakes remain high. Campaigner Aida Fernandes of United in the Defence of Covas do Barroso argues the mine represents “destruction in the name of climate protection,” while former mayor Fernando Queiroga has warned that water scarcity could make the project disastrous during drought years.

    With Brussels urging speed and locals vowing resistance, Portugal’s lithium question has become a defining test of how Europe balances strategic ambitions with environmental and social sustainability.

  • Savannah Resources Lifts Barroso Lithium Reserves by 40%, Reinforcing Europe’s Largest Deposit

    Savannah Resources Lifts Barroso Lithium Reserves by 40%, Reinforcing Europe’s Largest Deposit

    Savannah Resources (LON: SAV) has increased the reserve estimate for its flagship Barroso lithium project in northern Portugal by 40%, strengthening its role as Europe’s largest spodumene deposit.

    Following additional prospecting work, reserves are now pegged at more than 39 million tonnes, up from 28 million tonnes. The announcement pushed Savannah’s shares up 2.4%, giving the London-listed company a market value of £104 million ($141.5 million).

    Savannah highlighted the project’s importance to Europe’s battery value chain, noting its potential as both a strategic supplier of raw lithium and a long-term contributor to regional economic development. The company plans to develop four open-pit mines capable of producing enough lithium annually to power batteries for around 500,000 electric vehicles. Subject to permitting and financing, production is expected to start in 2027.

    At full operation, the mine is forecast to process 1.5 million tonnes per year over a 14-year lifespan, based on a resource of 20.5 million tonnes grading 1.05% lithium oxide.

    However, the project has drawn strong opposition from local communities and environmental groups. The Barroso region, recognized as a World Heritage agricultural site since 2018, has raised concerns over potential impacts on land, water resources, and biodiversity.

    Savannah said it expects to complete its definitive feasibility study and secure environmental licensing by the end of the year. The company also dismissed recent media reports claiming a United Nations committee had accused Portuguese authorities of breaching international law during the project’s approval process.

  • Savannah Resources Pushes Back on Claims Portugal Withheld Barroso Mine Data

    Savannah Resources Pushes Back on Claims Portugal Withheld Barroso Mine Data

    Savannah Resources (LON: SAV) is pushing back against media reports that a United Nations committee has accused Portuguese authorities of violating international law during the approval process for the company’s Barroso lithium project.

    In a statement to MINING.COM, Savannah’s Communications Manager António Neves Costa said that two of the public bodies named in the UN document have clarified their positions, stating that no step of the licensing process was carried out in violation of Portuguese law.

    The clarifications follow a report by the Aarhus Convention Compliance Committee, which alleged that Portugal failed to guarantee citizens’ rights to environmental information and participation during the project’s licensing process.

    The Portuguese Environmental Agency (APA) said the Barroso project underwent the longest public consultation period ever granted to an industrial project in the country, spanning more than 110 days. The Northern Regional Coordination and Development Commission (CCDR-N) also rejected the suggestion that it withheld information, stating that all documents were made available in line with national law.

    According to Reuters, the UN committee’s findings have reinforced calls from local residents and environmental groups for the project’s license to be revoked. The APA, while noting a “divergent interpretation” of the Convention, maintains that it acted in strict compliance with administrative procedures.

    Savannah Resources is seeking to develop what it calls Western Europe’s largest mine of spodumene, a hard-rock form of lithium. The company plans to build four open-pit mines in northern Portugal, with the goal of producing enough lithium annually for 500,000 to one million electric vehicle batteries. First output is slated for 2027.

  • Avrupa Minerals Regains Full Control of Sesmarias Project in Portugal

    Avrupa Minerals Regains Full Control of Sesmarias Project in Portugal

    Avrupa Minerals is reaffirming its commitment to the Sesmarias project in Portugal, even as it continues to expand its Finnish exploration portfolio. Sesmarias, the company’s flagship discovery since 2014, has seen significant progress through multiple joint ventures and self-funded efforts. Most recently, Sandfire MATSA supported exploration from 2020 to 2025, yielding impressive high-grade intercepts and expanding the project’s geological understanding.

    Despite these advancements, the project did not meet Sandfire MATSA’s internal criteria, leading to Avrupa regaining 100% ownership. With complex geology and promising mineralization—including intercepts like 26.95 meters @ 2.18% Cu and 28.60 meters @ 1.68% Cu—the company is now focused on securing a new strategic partner to advance towards a potential mining decision.