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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has shared an update.
Vulcan Energy Resources Ltd. announced a significant increase in its lithium brine resource estimate and a maiden geothermal energy resource estimate for the Mannheim area in Germany’s Upper Rhine Valley Brine Field. This development supports Vulcan’s strategy to expand its integrated lithium and renewable energy production, aligning with the European Commission’s Critical Raw Materials Act to secure a sustainable supply chain for critical raw materials. The company is also progressing a scoping study to enhance production capabilities and is negotiating with MVV Energie AG to deliver geothermal heat to the district heating network, further solidifying its position in the European energy market.
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 and mining industry, focusing on the extraction of lithium and geothermal energy. The company is engaged in developing sustainable lithium production for electric vehicle batteries and harnessing geothermal energy, with a market focus on the European region.
Average Trading Volume: 659,390
Technical Sentiment Signal: Sell
Current Market Cap: A$809.1M
See more data about VUL stock on TipRanks’ Stock Analysis page.