Vulcan Energy Gains EU Strategic Status for Lithium Project

Vulcan Energy Resources Limited has received the EU Strategic Project status for its Lionheart Project under the Critical Raw Materials Act (CRMA). This designation signifies the project's compliance with CRMA's goals, which aim to establish a sustainable supply chain for essential raw materials, such as lithium, across Europe.

The CRMA sets benchmarks for boosting domestic capabilities in the strategic raw material supply chain. It focuses on enhancing funding access and maintaining high social and environmental standards. It also aims to boost EU capacities to extract, process, and recycle strategic raw materials while diversifying sources from third countries.

This strategic status enables Vulcan's German entity to advance financing discussions and potentially leverage EU funding, including the European Development Fund and Cohesion Fund, facilitating project implementation.