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ASX:VUL

6 stories mentioning ASX:VULUpdated 20d ago

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Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18

ASX 200ASX:4DXASX:ELSASX:EOSASX:FLTASX:JDOASX:LINASX:OBMASX:VULASX:WAFASX:WGX
Asia

Vulcan Energy Achieves Financial Close for Europe Project

Vulcan Energy Resources (ASX:VUL) achieved financial close for the Lionheart project in Europe as part of the 2.2 billion euros equity and debt financing arrangements, according to a Thursday Australian bourse filing.Lionheart involves the construction of an integrated lithium and renewable energy project in the Upper Rhine Valley brine field between Germany and France, targeting production capacity of 24,000 tonnes of lithium hydroxide monohydrate, with a co-product of 275 gigawatts-hour (GWh) of renewable power and 560 GWh of heat per annum for local consumers, over an estimated 30-year project life.

ASX:VUL
Asia

Vulcan Energy Progresses Drilling at Sixth Well in Germany Geothermal Project

Vulcan Energy (ASX:VUL) said drilling at its sixth well in the Lionheart Field Development Plan (LSC-2) progressed during the quarter, with well pad construction commenced at the company's fourth production well site, according to a Thursday Australian bourse filing.Construction of the interconnected pipeline and power infrastructure from well infrastructure to the geothermal and lithium extraction plant is underway in parallel with tendering, procurement, and engineering activities, with bulk earthworks commenced and relocation of overhead power lines progressing, the filing added.Conditions precedent required to achieve financial close for the debt and strategic equity of the Lionheart financing package were "significantly" progressed during the reporting period, the company added.The company's shares fell 2% in recent Thursday trade.

ASX:VUL
Asia

Vulcan Energy Resources Says Construction Underway at German Lithium Chemical Plant

Vulcan Energy Resources (ASX:VUL) said construction has started at its lithium chemical plant in Frankfurt, according to a Friday filing with the Australian bourse.The plant will convert lithium chloride into lithium hydroxide monohydrate (LHM) using electrolysis. The first phase of production will target capacity of 24,000 tonnes of LHM, which is sufficient for around 500,000 electric vehicle batteries per year, the company said.

ASX:VUL
Asia

Vulcan Energy Resources Signs Supply Deal With German Technology Company

Vulcan Energy Resources (ASX:VUL) signed an agreement worth about 40 million euros with technology company Siemens for the supply of engineering, automation, telecommunications, and building technology systems for the Lionheart project in Germany, according to a Monday filing with the Australian bourse.The project involves the construction of an integrated lithium and renewable energy project with an aim to produce 24,000 tonnes of lithium hydroxide monohydrate per year over an estimated 30-year project life, the filing said.

ASX:VUL
Asia

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

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.

ASX:VUL

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