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ASX:VUL

10 stories mentioning ASX:VULUpdated 7d ago

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

Asia

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.

ASX:VUL
Asia

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.

ASX:VUL
Asia

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.

ASX:VUL
Asia

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:VUL
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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