Vulcan Energy Resources Ltd. ( (AU:VUL) ) just unveiled an update.
Vulcan Energy has initiated the mobilization of its V20 drilling rig to the Schleidberg well site in Germany as part of its Phase One Lionheart Project, which will produce lithium hydroxide for EV batteries and renewable energy from hot brines. This marks a significant milestone in Vulcan’s mission to establish a sustainable, European-based lithium supply chain, reducing reliance on imports and contributing to Europe’s energy and mobility transition.
More about Vulcan Energy Resources Ltd.
Vulcan Energy (ASX: VUL, FSE: VUL) is a pioneering company in the lithium and renewable energy industry, focused on building a carbon-neutral, integrated business to decarbonize battery production. The company’s Lionheart Project, located in the Upper Rhine Valley Brine Field, is the largest lithium and geothermal resource in Europe and aims to provide a sustainable lithium supply for European electric vehicle batteries using its proprietary VULSORB® technology.
YTD Price Performance: -13.46%
Average Trading Volume: 961,297
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.01B
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