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Vulcan Energy Resources Ltd. ( (AU:VUL) ) has shared an update.
Vulcan Energy Resources Ltd. has secured the necessary permits to construct its upstream Lithium Extraction Plant as part of the Phase One Lionheart Project in Landau, Germany. This development marks a significant step towards Vulcan’s goal of producing battery-quality lithium from geothermal brine, supporting the EU’s aim to reduce dependencies on critical raw materials. The project is designed to be carbon neutral and will provide a sustainable source of lithium for approximately 500,000 electric vehicles annually, enhancing Vulcan’s position in the renewable energy and lithium markets.
The most recent analyst rating on (AU:VUL) stock is a Buy with a A$9.75 price target. To see the full list of analyst forecasts on Vulcan Energy Resources Ltd. stock, see the AU:VUL Stock Forecast page.
More about Vulcan Energy Resources Ltd.
Vulcan Energy Resources Ltd. operates in the renewable energy and mining industry, focusing on the extraction of lithium and geothermal energy. The company is known for its sustainable and carbon-neutral approach, using proprietary technology to produce lithium hydroxide for the European battery and automotive industries.
Average Trading Volume: 1,487,126
Technical Sentiment Signal: Buy
Current Market Cap: A$1.58B
For detailed information about VUL stock, go to TipRanks’ Stock Analysis page.