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An update from Vulcan Energy Resources Ltd. ( (AU:VUL) ) is now available.
Vulcan Energy Resources Ltd. announced a partially underwritten entitlement offer to raise approximately €466 million, alongside a fully underwritten placement to institutional investors to raise €137 million. This capital raising initiative aims to support the company’s operations and strengthen its market position in sustainable lithium production. However, the offer is limited to eligible shareholders in Australia and New Zealand, excluding those in the United States, due to regulatory and cost considerations.
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 is known for its Zero Carbon Lithium project, which aims to supply lithium for electric vehicle batteries with minimal environmental impact.
Average Trading Volume: 1,913,929
Technical Sentiment Signal: Buy
Current Market Cap: A$1.03B
For an in-depth examination of VUL stock, go to TipRanks’ Overview page.