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Vulcan Energy Resources Limited (ASX:VUL)

ALERT: Price-sensitive ASX Announcement for VUL
Current share price for VUL : $2.890 -0.65 (-18.36%)+
Announcement
Release
24 Apr 2026 8:11AM
Price at Release
$3.540
Full Release
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Summary
Vulcan Energy Resources Limited has commenced construction at its Lionheart lithium chemicals facility located at Infraserv Industrial Park Höchst in Frankfurt, a significant milestone for the company. This project is part of Vulcan's strategy to build the first integrated carbon-neutral lithium and renewable energy business, aiming to decarbonize battery production. The Lionheart facility will convert lithium chloride into lithium hydroxide monohydrate using electrolysis, with a production target of 24,000 tonnes per annum, sufficient to produce approximately 500,000 electric vehicle batteries annually. The project is supported by a €2.2 billion funding package secured in December 2025, and Vulcan has obtained all necessary regulatory approvals. The groundbreaking ceremony was attended by key stakeholders, highlighting the project's importance to Europe's energy and raw material resilience.
Key Points
  • Vulcan Energy begins construction at Lionheart lithium chemicals facility.
  • The facility is located in Infraserv Industrial Park Höchst, Frankfurt.
  • It will produce lithium hydroxide monohydrate using electrolysis.
  • Target production capacity is 24,000 tonnes per year.
  • The project is part of Vulcan's carbon-neutral lithium and renewable energy initiative.
  • Supported by €2.2 billion funding and regulatory approvals.
  • Groundbreaking ceremony attended by government and industry leaders.
  • Lionheart is key to Europe’s strategic energy and raw material goals.
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.