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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has provided an update.
Vulcan Energy Resources has secured a €2.2 billion financing package and board approval to proceed with its Phase One Lionheart Project in Germany, enabling construction of an integrated lithium and geothermal energy facility targeting 24,000 tonnes of lithium hydroxide monohydrate per year and substantial co-production of renewable power and heat over a projected 30-year life. During the quarter, Vulcan completed major equity raisings, signed a significant offtake agreement with Glencore, secured all key construction permits, advanced drilling with a new well and strong flow test results, locked in core EPCM and technology partners, and began on-the-ground execution, while maintaining a solid safety record and updating its environmental and social impact assessment to reinforce the project’s sustainability credentials.
The most recent analyst rating on (AU:VUL) stock is a Hold with a A$4.50 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 is a lithium and renewable energy developer focused on Germany’s Upper Rhine Valley Brine Field, where it plans to produce lithium hydroxide monohydrate for electric vehicle batteries alongside geothermal power and heat. The company is positioning itself as a key supplier in Europe’s domestic, sustainable lithium value chain, integrating lithium extraction with renewable energy generation for local consumers.
Average Trading Volume: 3,464,620
Technical Sentiment Signal: Buy
Current Market Cap: A$1.97B
Find detailed analytics on VUL stock on TipRanks’ Stock Analysis page.