FINWIRES · TerminalFinancial News · Live TerminalLIVE

ASX:VUL

19 stories mentioning ASX:VULUpdated 9d ago

Every FINWIRES story that references ASX:VUL, newest first.

What's the latest news on ASX:VUL?

Vulcan Energy Resources Secures Second Lithium Production License for Germany Project

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.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.IperionX (ASX:IPX): -9%, AU$2.84Elisight (ASX:ELS): -5%, AU$4.83FireFly Metals (ASX:FFM): -7%, AU$1.76Westgold Resources (ASX:WGX): -6%, AU$5.84GrainCorp (ASX:GNC): -5%, AU$6.57Austal (ASX:ASB): -5%, AU$4.42Elders (ASX:ELD): -4%, AU$6.25Zimplats (ASX:ZIM): -5%, AU$17.00Vulcan Energy Resources (ASX:VUL): -5%, AU$2.48ELEVRA Lithium (ASX:ELV): -6%, AU$7.56

ASX 200ASX:ASBASX:ELDASX:ELSASX:ELVASX:FFMASX:GNCASX:IPXASX:VULASX:WGXASX:ZIM

Update: Vulcan Energy Resources H1 Loss Narrows, Revenue Down; Shares Fall 5%

(Updates to add stock movement in the headline and the last paragraph)Vulcan Energy Resources (ASX:VUL) logged 0.11 euros in loss per share for the first half, compared with a loss of 0.14 euros a year ago, a Thursday filing showed.For the six months ended June 30, revenue from continuing operations was 2.3 million euros versus 4.1 million euros previously, the Australia-listed clean energy and lithium producer added.The company's shares fell 5% in recent Thursday trade.

ASX Preview: Australian Shares to Fall as Oil Surges Amid US-Iran Conflict Escalation; West African Resources H1 Earnings, Revenue Up

Australian shares are poised to fall on Thursday as oil prices surged above $100 a barrel amid an escalation in US-Iran attacks on tankers, raising concerns over tighter energy supplies and a prolonged Middle East conflict.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 0.6%, and 0.8%, respectively.In the macroeconomy, Australia's housing downturn is hitting the top end of the market hardest, with upper-quartile house values in Sydney and Melbourne now more than 10% below their peaks, while lower-priced homes and units remain comparatively resilient, Cotality said in a Thursday report.In corporate news, West African Resources (ASX:WAF) reported Thursday first-half earnings of AU$0.305 per share on revenue of AU$1.46 billion, compared with earnings of AU$0.162 on revenue of AU$477.3 million a year earlier.Vulcan Energy Resources (ASX:VUL) reported Thursday first-half loss of 0.11 euros per share on revenue of 2.3 million euros, compared with loss of 0.14 euros on revenue of 4.1 million euros a year earlier.Australia's benchmark index fell 0.1%, or 9.4 points, to close at 8,911.40 on Wednesday.

ASX 200ASX:VULASX:WAF

Vulcan Energy Resources Appoints Non-Executive Chair

Vulcan Energy Resources (ASX:VUL) promoted Angus Barker, lead independent director and deputy chair, to non-executive chair, effective Saturday, according to a Thursday Australian bourse filing.Barker succeeds Francis Wedin, who has transitioned from the role of executive chair to a dedicated founder consultancy role with the company, the filing said.

Vulcan Energy Resources H1 Loss Narrows, Revenue Down

Vulcan Energy Resources (ASX:VUL) logged 0.11 euros in loss per share for the first half, compared with a loss of 0.14 euros a year ago, a Thursday filing showed.For the six months ended June 30, revenue from continuing operations was 2.3 million euros versus 4.1 million euros previously, the Australia-listed clean energy and lithium producer added.

Vulcan Energy Resources Reports Pre-Tax NPV of Nearly 3 Billion Euros for Germany Project

Vulcan Energy Resources (ASX:VUL) said its preliminary feasibility study (PFS) for Project Ludwig in Germany has returned a pre-tax net present value (NPV) of 2.6 billion euros at an 8% discount rate and an internal rate of return (IRR) of 25.0%, according to a Thursday Australian bourse filing.The PFS showed a post-tax NPV of 1.7 billion euros and an IRR of over 20%, based on a 30-year planned operating life, the filing added.The company said the project has total capital expenditure of 1.26 billion euros and base case production of 21,100 tonnes per year of battery-grade lithium carbonate.Project Ludwig indicated mineral resources increased 91% from 655,000 tonnes of lithium carbonate equivalent to 1.3 million tonnes at 155 milligrams per liter lithium, while inferred mineral resources increased 5% from 2.1 million tonnes to 2.2 million tonnes of LCE at 155 milligrams per liter lithium, the filing added.The company's shares rose nearly 2% in recent Thursday trade.

Vulcan Energy Resources Says Citigroup Global Markets Australia, Related Firms Become Substantial Holders

Vulcan Energy Resources (ASX:VUL) said Citigroup Global Markets Australia and related bodies corporate in Citigroup became substantial holders of the company, acquiring voting power of 5.6747% as of Aug. 13, according to a Monday Australian bourse filing.They hold about 27.2 million ordinary shares of Vulcan Energy as of Aug. 13, per the filing.

Vulcan Energy Resources Says Citigroup Companies Acquire Over 5% Stake, Shares Up 3%

Vulcan Energy Resources (ASX:VUL) said Citigroup Global Markets Australia and related bodies corporate of the Citigroup became a substantial holder on Wednesday, acquiring a 5.0581% stake, according to a Friday Australian bourse filing.They hold 24.2 million ordinary shares of the firm, as of Wednesday.Vulcan's shares rose 3% in recent trading on Friday.

Vulcan Energy Resources Achieves Financial Close for Europe Project in June Quarter

Vulcan Energy Resources (ASX:VUL) achieved financial close for its 2.2 billion euro phase one Project Lionheart in the Upper Rhine Valley Brine Field between Germany and France in the period ended June 30, according to a Wednesday filing with the Australian bourse.The company also started civil construction activities at the Lionheart 30-megawatt geothermal power plant site in Germany, the filing said.Bulk earthworks and the relocation of overhead high-voltage power lines are on track for completion by the third quarter, per the filing.Shares rose 1% in morning trade Wednesday.

Vulcan Energy Resources Starts Civil Construction Activities at German Power Plant Site

Vulcan Energy Resources (ASX:VUL) said it launched civil construction activities at the 30-megawatt Lionheart geothermal power plant site in Landau, Germany, according to a Monday filing with the Australian bourse.The activities include the preparation and construction of foundations and concrete works for power plant buildings, and the construction of road infrastructure, per the filing.Lionheart involves an integrated lithium and renewable energy project targeting an annual 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 per year over an estimated 30-year project life, Vulcan Energy said.

Update: Vulcan Energy Receives Initial Funding for Europe Lithium Project; Shares Up 4%

(Updates to add stock movement in the headline and the last paragraph)Vulcan Energy Resources (ASX:VUL) received initial equity funds for its Lionheart lithium and geothermal energy project in Europe after meeting the first strategic drawdown conditions on its 2.2 billion euros funding package, according to a Wednesday filing with the Australian bourse.Lionheart continues to progress on track, targeting an annual production capacity of 24,000 tonnes of lithium hydroxide monohydrate over an estimated 30-year project life, per the filing.The company's shares rose around 4% in recent Wednesday trade.

Vulcan Energy Receives Initial Funding for Europe Lithium Project

Vulcan Energy Resources (ASX:VUL) received initial equity funds for its Lionheart lithium and geothermal energy project in Europe after meeting the first strategic drawdown conditions on its 2.2 billion euros funding package, according to a Wednesday filing with the Australian bourse.Lionheart continues to progress on track, targeting an annual production capacity of 24,000 tonnes of lithium hydroxide monohydrate over an estimated 30-year project life, per the filing.

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

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.

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.

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.

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.

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.

Track with the FINWIRES app suite

Track ASX:VUL in your portfolio

Analyze ASX:VUL options with the wheel strategy

See market sentiment on ASX:VUL