Vulcan Energy Advances Lionheart Project with Strategic Developments

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

Vulcan Energy Resources Ltd. reported significant progress in its Phase One Lionheart Project during the quarter ending June 2025. Key developments include the commencement of drilling at the Schleidberg well site, a heat offtake agreement with EnergieSüdwest AG, and approval for building permits for a geothermal energy plant. The company also completed the acquisition of geox GmbH and extended its debt commitment letter to facilitate project financing. Additionally, Vulcan secured €104 million in grants from the German government to boost domestic lithium production and completed a €30 million strategic placement to maintain project execution. These advancements position Vulcan as a leader in sustainable energy and lithium production, enhancing its market presence and stakeholder value.

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. operates in the renewable energy sector, focusing on geothermal energy and lithium production. The company is engaged in the development of sustainable energy solutions, particularly in Germany, and aims to supply renewable geothermal heat and lithium for electric vehicle batteries.

Average Trading Volume: 868,211

Technical Sentiment Signal: Buy

Current Market Cap: A$926M

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