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Vulcan Energy Resources Limited (ASX:VUL)

ALERT: Price-sensitive ASX Announcement for VUL
Current share price for VUL : $2.780 -3.89 (-58.32%)+
Announcement
Release
22 Oct 2025 8:47AM
Price at Release
$6.670
Full Release
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Summary
During the quarter ending 30 September 2025, Vulcan Energy Resources Limited made significant progress in the Phase One Lionheart Project, which aims to produce 275 GWh of power and 24,000 tonnes of lithium hydroxide monohydrate annually. Key achievements include securing €104 million in grants from German authorities for lithium production, completing a €30 million strategic placement to support project execution, and updating lithium and geothermal resources in the Mannheim area. The company also secured permits for its Central Lithium Plant and signed major contracts for electrolysis technology and geothermal power plant development. The land acquisition for the Geothermal and Lithium Extraction Plant was approved, advancing the project’s construction phase. Future plans involve finalizing financing packages and continuing stakeholder engagement to support Europe’s energy transition.
Key Points
  • Approval of €104m grants by German authorities for strategic lithium production.
  • Completion of €30 million strategic placement to support project execution.
  • Update of lithium brine and geothermal resources in the Mannheim area.
  • Permit secured for Central Lithium Plant for battery-quality lithium production.
  • Major contracts signed for electrolysis technology and geothermal power plant.
  • Approval to purchase land for the Geothermal and Lithium Extraction Plant.
  • Continued stakeholder engagement and focus on Europe’s energy transition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.