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Vulcan Energy Resources Limited (ASX:VUL)

ALERT: Price-sensitive ASX Announcement for VUL
Current share price for VUL : $1.730 -0.86 (-33.20%)+
Announcement
Release
27 Jul 2026 8:23AM
Price at Release
$2.590
Full Release
download
Summary
Vulcan Energy Resources Limited has initiated civil construction at their Lionheart geothermal power plant in Landau, Germany. The Lionheart project aims to produce substantial lithium hydroxide and renewable energy, contributing to Europe's energy resilience. The project involves integrated geothermal and lithium extraction facilities interconnected by pipelines, promising low-cost lithium production through self-generated baseload energy. This construction step follows early earthworks and precedes significant equipment installations, marking progress on time and budget as per Vulcan's development plan.
Key Points
  • Vulcan Energy Resources Limited has commenced civil construction activities at the Lionheart 30MW geothermal power plant site in Landau, Germany.
  • The construction follows early bulk earthworks and will include the erection of buildings and the arrival of process equipment.
  • The Lionheart project is part of Vulcan's integrated lithium and renewable energy initiative in the Upper Rhine Valley Brine Field.
  • The project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually and generate 275 GWh of renewable power and 560 GWh of heat per annum.
  • The geothermal energy and lithium extraction facilities are interconnected through pipelines and cables for brine and water transport.
  • The project is expected to offer low-cost lithium production by leveraging its own baseload heat and power production.
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.