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The latest announcement is out from Vulcan Energy Resources Ltd. ( (AU:VUL) ).
Vulcan Energy Resources Ltd. has announced a significant contract with Australian company JordProxa for the provision of technology and equipment for the lithium purification and concentration process in its Phase One Lionheart Project in Germany. The contract, valued at approximately €140 million, involves the design, fabrication, and delivery of core process units for lithium extraction and conversion. This collaboration is expected to enhance Vulcan’s project processes, streamline delivery times, and optimize costs, positioning the company as a leader in Europe’s sustainable lithium market.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$6.25 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 sustainable energy sector, focusing on lithium extraction and purification. The company aims to establish a fully domestic and sustainable lithium value chain in Europe, with a significant emphasis on producing battery-grade lithium hydroxide for electric vehicles.
Average Trading Volume: 1,526,964
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
Find detailed analytics on VUL stock on TipRanks’ Stock Analysis page.