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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has issued an update.
Vulcan Energy Resources Ltd. has secured a €2,200 million financing package to fully fund the construction and development of Phase One of the Lionheart lithium and renewable energy project in Germany. This project is set to enhance Vulcan’s position as a key player in Europe’s battery and electric vehicle market by producing lithium and renewable energy, with construction commencing soon and commercial production targeted for 2028.
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 renewable energy and mining industry, focusing on lithium extraction and renewable energy production. The company aims to support Europe’s battery and electric vehicle value chain by providing low-cost lithium and renewable energy.
Average Trading Volume: 1,374,021
Technical Sentiment Signal: Buy
Current Market Cap: A$1.43B
See more insights into VUL stock on TipRanks’ Stock Analysis page.