Vulcan Energy Resources Ltd. ( (AU:VUL) ) just unveiled an announcement.
Vulcan Energy has been awarded Strategic Project status for its Phase One Lionheart Project under the European Commission’s Critical Raw Materials Act. This designation aligns with the CRMA’s goals to secure a sustainable supply chain for critical raw materials like lithium in Europe. The status is expected to streamline project financing and enhance Vulcan’s position in diversifying the EU’s lithium supply. The recognition underscores Vulcan’s commitment to sustainable lithium production, which is strategically important for the European industry and supports the CRMA’s benchmarks.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. is a company focused on building the world’s first carbon-neutral, integrated lithium and renewable energy business. It aims to decarbonize battery production, leveraging its Lionheart Project located in the Upper Rhine Valley Brine Field, which is the largest lithium resource in Europe. Vulcan uses geothermal renewable energy and its proprietary VULSORB® technology to produce sustainable lithium for European electric vehicle batteries.
YTD Price Performance: -8.79%
Average Trading Volume: 959,102
Technical Sentiment Signal: Sell
Current Market Cap: A$1.06B
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