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An announcement 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 2001. The company is actively progressing its financing efforts, including finalizing debt documents and seeking strategic equity partners, with expectations to secure a project finance package in the second half of 2025. Additionally, Vulcan is advancing public grant funding for its lithium project and anticipates building permit approval for its Phase One lithium extraction plant soon. These developments are crucial for Vulcan’s strategic positioning in the sustainable lithium market and its ongoing projects.
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 development of a carbon-neutral, integrated lithium and renewable energy business aimed at decarbonizing battery production. The company is focused on the Lionheart Project, situated in the Upper Rhine Valley Brine Field on the border of Germany and France, which is recognized as the largest lithium resource in Europe. Vulcan utilizes its proprietary VULSORB® technology to extract lithium from sub-surface brines, offering a sustainable and low-cost lithium source for European electric vehicle batteries.
Average Trading Volume: 763,305
Technical Sentiment Signal: Sell
Current Market Cap: A$763.2M
For an in-depth examination of VUL stock, go to TipRanks’ Overview page.