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Vulcan Energy Says German State Grants Five-Year Lithium Production Royalty Exemption

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Vulcan Energy Resources (ASX:VUL) said Germany's State of Rhineland-Palatinate, where the firm's planned Lionheart upstream lithium and geothermal energy production facilities are located, granted a royalty exemption for lithium production in the state for an initial five years until Dec. 31, 2030, according to a Monday Australian bourse filing.

The exemption includes a review mechanism one year before the Dec. 31, 2030, deadline.

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