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An update from Vulcan Energy Resources Ltd. ( (AU:VUL) ) is now available.
Vulcan Energy Resources Ltd. has received approval to commence seismic surveys for a geothermal heat project in Ludwigshafen, Germany, in partnership with BASF SE. This project aims to supply renewable heat to BASF’s Ludwigshafen Verbund site and potentially develop a commercial lithium extraction plant. The initiative seeks to provide sustainable district heating and contribute to Europe’s transition to green electromobility. Vulcan plans to replicate this model across the Upper Rhine Valley Brine Field, supporting the decarbonization of European industry and public heating.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. operates in the renewable energy sector, focusing on geothermal energy and lithium extraction. The company collaborates with large industrial companies like BASF SE to provide sustainable energy solutions, particularly in geothermal heat development and lithium production. Vulcan aims to contribute to the decarbonization of European industry by replicating its geothermal and lithium development model across the Upper Rhine Valley Brine Field.
YTD Price Performance: -21.50%
Average Trading Volume: 989,054
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$913.8M
For an in-depth examination of VUL stock, go to TipRanks’ Stock Analysis page.
