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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has shared an announcement.
Vulcan Energy Resources Ltd. has issued 1,680,672 fully paid ordinary shares at €3.57 per share under a previously announced placement. The company is currently addressing potential legal proceedings related to past announcements, which it considers baseless and intends to defend vigorously. This development comes at a time when Vulcan Energy is strategically positioned to advance its carbon-neutral lithium initiatives, reinforcing its standing in the renewable energy sector.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. is pioneering the world’s first carbon-neutral lithium and renewable energy business aimed at decarbonizing battery production. The company’s Lionheart Project, situated in the Upper Rhine Valley Brine Field bordering Germany and France, represents the largest lithium resource in Europe and is considered a top-tier lithium project globally. Vulcan Energy utilizes its proprietary technology, VULSORB®, to produce sustainable lithium from sub-surface brines for European electric vehicle batteries.
YTD Price Performance: 1.50%
Average Trading Volume: 901,469
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.14B
See more insights into VUL stock on TipRanks’ Stock Analysis page.
