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An announcement from Vulcan Energy Resources Ltd. ( (AU:VUL) ) is now available.
Vulcan Energy Resources Ltd. has successfully completed its institutional placement and entitlement offer, raising €398 million to fund the Phase One Lionheart development. This financing will support the company’s transition from development to execution phase, marking a significant step in establishing Europe’s first sustainable lithium value chain.
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 dedicated to developing a fully domestic and sustainable lithium value chain in Europe, aiming to redefine lithium production with its Project Lionheart.
Average Trading Volume: 1,364,321
Technical Sentiment Signal: Buy
Current Market Cap: A$1.44B
Learn more about VUL stock on TipRanks’ Stock Analysis page.