Vulcan Energy Resources Ltd. is pleased to announce the awarding of EUR100m from the German Federal Ministry of Economics and Climate Protection and the European Recovery and Resilience Facility via the German Recovery and Resilience Plan for its HEAT4LANDAU Project. The BEW Funding is allocated under the Guideline for Federal Funding for Efficient Heating Networks and will enable transformative measures for decarbonising [...]
Vulcan Energy Resources is pleased to announce the start of lithium hydroxide production at the Company's downstream Central Lithium Electrolysis Optimisation Plant in Industrial Park Höchst, Frankfurt, Germany. Key highlights • The first lithium hydroxide has been produced by Vulcan in Germany from the processing of high purity lithium chloride concentrate extracted from brines at its Adsorption-type Direct Lithium [...]
Vulcan Energy Resources has been assessed by leading independent ratings agency, S&P Global Ratings, and awarded a Dark Green rating overall, the highest ever received by a Metals and Mining company globally. Vulcan was also awarded a Dark Green rating across the Green Enabling Project and Renewable Energy categories. This has been completed as part of its Green Financing Framework with the bank Natixis CIB, as ESG [...]
Vulcan Energy Resources achieved significant progress to further advance Phase One of its integrated renewable energy and ZERO CARBON LITHIUM™ Project, designated "Lionheart". Highlights from the Quarter Start of commissioning at downstream Central Lithium Electrolysis Optimisation Plant, located in Industrial Park Höchst, Frankfurt, where Vulcan will also construct its commercial Central Lithium Plant Agreement [...]
Vulcan Energy Resources Ltd. is pleased to provide an update on the Company's debt financing process for Phase One of the ZERO CARBON LITHIUMTM Project . Key debt financing highlights - Significant progress achieved for financing of Phase One of Vulcan's Project, with the Structuring Group comprising the European Investment Bank ; Export Credit Agencies Bpifrance Assurance Export, Export Development Canada, Export Finance [...]
Vulcan Energy Resources is pleased to announce several changes to its Board of Directors, in preparation for the Company transitioning to the execution phase of project development. Highlights The changes will ensure the Board's core competency skills and experience enable it to effectively support and guide management towards commercial production, following the completion of Phase One project financing, as well as [...]
Vulcan Energy Resources is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer for the Vulcan Group. Highlights Ms Gooding is a Senior Finance executive and leader with over 20 years' experience in strategic and financial analysis, debt funding, corporate finance, mergers and acquisitions, management and financial accounting and governance within Australia, Singapore [...]
Vulcan Energy Resources announces that its Environmental and Social Impact Assessment for Phase One of its Zero Carbon Lithium™ Project has been completed by ERM. The ESIA is a prerequisite to the raising of sustainable or "green" debt finance and is an important third-party validation of the Project's sustainability credentials. Vulcan is advancing Phase One of its ZERO CARBON LITHIUM™ Project: the first [...]
Vulcan Energy Resources is pleased to announce the results of its Bridging Engineering Study for Phase One of Vulcan's Zero Carbon Lithium™ Project. Meeting EU's battery electric vehicle critical raw material needs Targeting approximately 24,000 tonnes lithium hydroxide production capacity12 per annum from Phase One, enough for ca. 500,0003Battery Electric Vehicles per annum. Fully aligned with EU and German policy [...]
ABN Quarter ended 38 624 223 132 30 September 2023 Consolidated statement of cash flows Current quarter €'000 Year to date €'000 1. Cash flows from operating activities 1.1 1.2 Receipts from customers Payments for exploration & evaluation 2,763 6,782 - - development - - production staff costs administration and corporate costs 1.3 Dividends received - - 1.4 Interest received 792 2,080 1.5 Interest and other [...]
During the Quarter, Vulcan Energy Resources has made significant progress toward execution of Phase One of Vulcan's Zero Carbon Lithium™ Project, and on completion of the project milestones necessary for the commencement of financing of Phase One. Projectlevel debt and equity financing for Phase One is on track to commence in November. Mr. Cris Moreno, MD-CEO commented: "During the Quarter, the Vulcan team have [...]
Vulcan Energy Resources is pleased to announce that it has received a conditional, non-binding Letter of Support from Export Finance Australia for up to $200 million for the upcoming financing of Phase One of Vulcan's Zero Carbon Lithium™ Project. Managing Director and CEO Cris Moreno stated, "Noting the deepening relationship between Australia and the EU as part of the international push to develop and secure [...]
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