Vulcan Energy Advances Financing and Project Developments

An update from Vulcan Energy Resources Ltd. ( (AU:VUL) ) is now available.

Vulcan Energy Resources Ltd. has issued fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act. The company is advancing its financing efforts, including finalizing debt documents and extending a debt commitment letter. It is also progressing with public funding initiatives, updating offtake agreements, and expects imminent building permit approval for its Phase One geothermal and lithium extraction plant. Additionally, Vulcan is preparing to qualify its battery-grade lithium hydroxide with offtakers and is nearing completion of a Scoping Study for future lithium and geothermal energy production in the Upper Rhine Valley Brine Field.

The most recent analyst rating on (AU:VUL) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Vulcan Energy Resources Ltd. stock, see the AU:VUL Stock Forecast page.

More about Vulcan Energy Resources Ltd.

Vulcan Energy Resources Ltd. is pioneering the world’s first carbon-neutral, integrated lithium and renewable energy business aimed at decarbonizing battery production. The company operates the Lionheart Project in the Upper Rhine Valley Brine Field, which is the largest lithium resource in Europe and a globally significant lithium project. Utilizing natural heat to extract lithium from sub-surface brines, Vulcan Energy provides a sustainable, low-cost source of lithium for European electric vehicle batteries through its proprietary VULSORB® technology.

Average Trading Volume: 703,719

Technical Sentiment Signal: Sell

Current Market Cap: A$844.2M

For detailed information about VUL stock, go to TipRanks’ Stock Analysis page.