Vulcan Energy Advances ZERO CARBON LITHIUM™ Project

Vulcan Energy Resources Limited has made significant progress during the third quarter of 2024 in advancing its integrated renewable energy and ZERO CARBON LITHIUM™ Project. Notably, the company has begun commissioning its Central Lithium Electrolysis Optimisation Plant in Frankfurt and has consolidated its ownership of upstream assets by acquiring geox GmbH. This acquisition enhances Vulcan's operational efficiency in its Phase One project.

In notable developments, Vulcan received its first lithium and geothermal energy licenses in Mulhouse, Alsace, enabling exploration to support Europe's electric vehicle transition. The Environmental and Social Impact Assessment was updated, and Natixis CIB was appointed as ESG Coordinator, aiming toward green financing.

Vulcan has also signed a €10 million credit facility with BNP Paribas and saw strategic board changes, with Angus Barker joining as a Non-Executive Director. Progress continues on the Phase One execution, including engineering and permitting activities.