🔴 Savannah Resources is trading 5% down today after a significantly oversubscribed capital raise

Savannah Resources is trading 5% down at £5.53 after announcing a significantly oversubscribed capital raise priced at 5.5 pence per share.

• The fundraising will issue up to approximately 490 million new shares to support development of the Barroso Lithium Project, creating near-term dilution pressure.
• The retail offer is expected to begin trading on AIM on September 28, 2026.
• The decline came despite firmer broader-market futures, pointing primarily to company-specific financing pressure rather than global risk sentiment.