Vulcan Energy Resources Ltd (VULNF)

[TradingCharts]

Grant of further licenses significantly grows
Zero Carbon Lithium™ Project
? Vulcan Energy Resources Ltd. (Vulcan, the Company, ASX: VUL), has
been granted five new exploration licenses for geothermal energy,
and lithium in the Upper Rhine Valley, Germany.
? The licenses cover 325km2
of area which is considered by Vulcan to
be prospective for deep geothermal and lithium brine, and increases
Vulcan’s granted license area by nearly 50% to over 1,000km2
.
? Vulcan’s license holding stretches across three states in the Upper
Rhine Valley, with the latest licenses in the states of Rhineland-Pfalz
complementing existing licenses in this state, as well as in Hessen and
Baden-Württemberg.
? The Company is targeting completion of its Phase 1 Definitive
Feasibility Study (DFS) in H2 2022 and first commercial production of
lithium by 2024.
? Vulcan is seeking to grow its Zero Carbon Lithium™ Project to service
the European market, following strong demand from offtake
customers for both lithium chemicals and renewable heating. These
licenses will potentially provide a larger pipeline of projects, as
Vulcan works to integrate further production capacity and additional
project areas into its Phase 1 and 2 plans.

https://vul.live.irmau.com/site/PDF/cdb9e9e7-e8d6-4fd1-8c0a-b6f77785de41/NewlicencessignificantlygrowsZeroCarbonLithiumProject