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Vulcan Energy Resources Secures Second Lithium Production License for Germany Project

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Vulcan Energy Resources (ASX:VUL) secured its second lithium production license for its Lionheart project in the Upper Rhine Valley Brine Field in Rhineland-Palatinate, Germany, according to a Friday filing with the Australian bourse.

Lionheart involves the construction of an integrated lithium and geothermal energy project targeting production capacity of 24,000 tonnes of lithium hydroxide monohydrate, with a co-product of 275 gigawatt-hours of renewable power and 560 gigawatt-hours of heat annually for local consumers, over a project life of about 30 years, the filing said.

The production license is valid for six years until Sept. 9, 2032, per the filing.

What else is happening in Asia?

Asia

Cheng Loong Clarifies Report Projecting September Revenue

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