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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has issued an update.
Vulcan Energy Resources Ltd. has awarded an EPCM contract to a joint venture between Sedgman and HOCHTIEF for its Phase One Lionheart Project. This project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, supporting approximately 500,000 electric vehicles, while also generating significant power and heat. The partnership is expected to enhance Vulcan’s position in the sustainable energy market by ensuring efficient project execution and setting new benchmarks for sustainability and innovation in lithium production.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$10.00 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 energy sector, focusing on sustainable lithium production. The company aims to produce battery-quality lithium hydroxide monohydrate for electric vehicles, contributing to Europe’s clean energy transition.
Average Trading Volume: 1,374,021
Technical Sentiment Signal: Buy
Current Market Cap: A$1.43B
For a thorough assessment of VUL stock, go to TipRanks’ Stock Analysis page.