Vulcan Energy Advances Phase One Lionheart Project with Key Milestones

Vulcan Energy Resources Ltd. ( (AU:VUL) ) has issued an announcement.

Vulcan Energy Resources Ltd has made significant progress in its Phase One Lionheart Project, achieving milestones such as the production of the first battery-quality lithium hydroxide monohydrate in Europe and receiving Strategic Project status under the European Commission’s Critical Raw Materials Act. The company is advancing its operations with new drilling, seismic surveys, and the start of geothermal heat supply to EnergieSüdwest AG. Additionally, Vulcan is negotiating a lithium offtake agreement with a premium German automaker after terminating its agreement with Renault Group, and has adjusted its financing timeline to potentially include the German Raw Materials Fund.

More about Vulcan Energy Resources Ltd.

Vulcan Energy Resources Ltd is a company operating in the renewable energy and lithium production industry. The company focuses on producing battery-quality lithium hydroxide monohydrate and geothermal renewable energy, primarily targeting the European market.

YTD Price Performance: -11.21%

Average Trading Volume: 931,373

Technical Sentiment Signal: Sell

Current Market Cap: A$1.03B

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