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Vulcan Energy Resources Limited (ASX:VUL)

ALERT: Price-sensitive ASX Announcement for VUL
Current share price for VUL : $2.990 -3.74 (-55.57%)+
Announcement
Release
3 Nov 2025 8:20AM
Price at Release
$6.730
Full Release
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Summary
Vulcan Energy Resources Limited has announced that it has secured all necessary construction permits for its Phase One Lionheart Project, including the permit for the upstream Lithium Extraction Plant in Landau, Germany. This project will integrate a Geothermal and Lithium Extraction Plant, utilizing Vulcan's proprietary VULSORB® technology to extract lithium in a carbon-neutral process. The project is expected to produce sufficient lithium hydroxide for approximately 500,000 electric vehicles per year. The project is part of Vulcan's broader strategy to provide a sustainable and local source of lithium for the European electric vehicle market.
Key Points
  • Vulcan secures permit for Lithium Extraction Plant.
  • All major permits for Phase One Lionheart Project received.
  • Lionheart Project aims for carbon-neutral lithium production.
  • VULSORB® technology to be used in lithium extraction.
  • Project integrates geothermal energy and lithium extraction.
  • Target production capacity for 24,000 tonnes of lithium hydroxide annually.
  • Phase One financing targeted for completion in Q4 2025.
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.