Vulcan Energy Secures Major Funding for German Lithium Venture

Vulcan Energy Resources has bolstered its financial position significantly, reporting a cash balance of 523 million euros following the completion of a substantial capital raise. The Australia-based lithium developer is now advancing construction on its flagship integrated geothermal and lithium extraction operation in Germany’s Upper Rhine Valley, with the final investment decision for Phase One of the Lionheart Project confirmed last December.

A comprehensive 2.2 billion euro financing package has been secured to fund the development and construction of the project’s initial phase. According to its cash flow statement, the company’s financing activities resulted in a net cash inflow of 508.8 million euros for the quarter, primarily stemming from equity issuances. Read more...