Vulcan Energy Commences Mobilisation of V20 Drilling Rig for Phase One Project

Vulcan Energy Resources Limited has initiated the mobilisation of its V20 drilling rig to the Schleidberg site near Landau, Germany, marking a significant step in its Phase One Lionheart Project. This phase aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually for electric vehicle batteries, along with renewable heating and power from hot, lithium-rich brines in the Upper Rhine Valley.

The V20 rig boasts 2500 horsepower and 550 tonnes hook load capacity, equipped with a 7500 psi fluid pressure system. Its mobilisation follows the completion of preparatory infrastructure works and the acquisition of necessary permits. Engagement with local stakeholders aims to ensure minimal disruption during increased transport activity associated with the project.

CEO Cris Moreno highlights this as an essential step in establishing a European lithium supply chain. The project underscores the company's focus on safety, quality, and cooperation with partners as it progresses to drilling operations in Q2 2025.