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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has provided an update.
Vulcan Energy Resources Ltd. announced several major developments in their Phase One Lionheart Project. The company successfully raised significant capital through institutional placements and secured conditional debt commitments for project financing. In collaboration with BASF, they are planning a renewable heat project and have commenced lithium hydroxide production at their new plant in Frankfurt. Further, the company received substantial funding from German government initiatives and saw progress in well site preparations and geothermal operations.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. operates in the renewable energy and sustainable lithium industry, focusing on integrated projects that combine geothermal energy production with lithium extraction. The company is dedicated to advancing its Phase One Lionheart Project, aiming to become a leading provider of sustainable lithium in Europe.
YTD Price Performance: -9.16%
Average Trading Volume: 975,319
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.02B
For detailed information about VUL stock, go to TipRanks’ Stock Analysis page.
