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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has issued an update.
Vulcan Energy Resources Ltd. has secured €104 million in grants from the German Federal Government and the states of Rhineland-Palatinate and Hesse to support its Clean Lithium for Battery Cell Production project. This funding will aid in the development of industrial-scale lithium production and processing, enhancing the supply chain resilience for Europe’s electric vehicle industry. The grants are part of Vulcan’s broader financing strategy for its Lionheart Project, which aims to provide a sustainable, domestically sourced lithium supply to the European battery EV market. The project is expected to significantly contribute to the decarbonization of the lithium supply chain, aligning with Europe’s energy transition goals.
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. is a company focused on building the world’s first carbon-neutral, integrated lithium and renewable energy business aimed at decarbonizing battery production. Their Lionheart Project, located in the Upper Rhine Valley Brine Field, is the largest lithium resource in Europe and a globally significant lithium project. Vulcan uses its proprietary technology, VULSORB®, to produce sustainable lithium for European electric vehicle batteries.
Average Trading Volume: 809,359
Technical Sentiment Signal: Sell
Current Market Cap: A$851M
See more data about VUL stock on TipRanks’ Stock Analysis page.