Vulcan Energy Extends Debt Commitment Timeline

Vulcan Energy Resources Limited recently announced an extension of their conditional debt commitment letter. Initially signed in December 2024, this letter is now extended until September 2025. This extension aims to align with Vulcan's revised timeline for finalizing debt agreements for the Lionheart Project's first phase.

The commercial bank group, including ABN AMRO, ING, Natixis CIB, and UniCredit, is working with various international banks to secure financing. Vulcan continues discussions with lenders, sharing updated due diligence reports, and anticipates completing the final paperwork by the second half of 2025.

Felicity Gooding, Vulcan's CFO, indicated that the extension allows for potential inclusion of significant government funding. The project's recognition by the European Commission’s Critical Raw Materials Act highlights its strategic importance.