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The latest announcement is out from Vulcan Energy Resources Ltd. ( (AU:VUL) ).
Vulcan Energy Resources Ltd. has signed a significant supply contract with NORAM Electrolysis Systems (NESI) for its Phase One Lionheart Project, marking a crucial step towards finalizing project financing and commencing construction in the second half of 2025. This partnership is expected to enhance Vulcan’s position in the European EV battery market by providing a sustainable, local source of lithium, supported by a joint declaration between Germany and Canada to secure critical mineral supply chains.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$4.20 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 for the European electric vehicle (EV) market. The company is known for its innovative electrolysis technology, which aims to produce high-purity, low-cost lithium hydroxide using green power.
Average Trading Volume: 1,154,124
Technical Sentiment Signal: Sell
Current Market Cap: A$916.6M
Learn more about VUL stock on TipRanks’ Stock Analysis page.