Savannah Resources inks MoU with Portuguese healthcare provider

(Sharecast News) - Mineral resource development company Savannah Resources has inked a memorandum of understanding with Terra Quente Saúde, an established Portuguese healthcare provider, to develop a strategic partnership focused on the greater provision of healthcare services into the area surrounding its Barroso Lithium Project.

Savannah said on Monday that the collaboration comes as part of its commitment to work with local partners, contributing to an improvement in living conditions in areas close to the project within the Barroso Trás-os-Montes region.

The AIM-listed firm said the MoU lays the groundwork for collaboration between the two entities, which will work together in the coming months to define the specific contours of the partnership in order to soon announce concrete initiatives that strengthen access to healthcare and promote the well-being of both Savannah employees and their families and, in the longer term, the local populations around the project.

Chief executive Emanuel Proença said, "We believe that this is an important step to integrate the Barroso Lithium Project into a broader territorial development, which goes beyond critical raw material production and actively contributes to improving the quality of life in our region.

"Being able to do it with the Terra Quente Saúde Group as our partner excites us, because we share the same values and the same ambition to develop local and innovative projects for a region of Trás-os-Montes to provide more opportunities in the future".

As of 0945 GMT, Savannah shares were down 0.48% at 4.13p.

Reporting by Iain Gilbert at Sharecast.com