The financing is what I am curious about. Will, it be private placements? It is the name(s) I what I want to see.
Also, there was a name I seen a while back of the company building the pilot plant, I need to find that name again and see what we can find. Must be a patent or two with it. Love to see those names as well.
Please remind me of this if you do not see anything here by Sunday.
I really believe Germany's people are going to get behind Vulcan Energy.
Francis Wedin • 1st Managing Director at Vulcan Energy Resources (ASX:VUL) 10h • 10 hours ago
Thank you Vice-President Maroš Šefcovic, Vulcan Energy Resources is proud to be a part of #EUBatteryAlliance and we enjoyed the meeting with you. We support the statement, in particular:
The implementation of an upgraded toolbox to support and de-risk investments in raw and processed battery materials, including a set of measures for projects of strategic importance for Europe, notably:
- Enhanced support to private investments through: o Strong involvement of EU and national public investors such as the EBRD, EIB or national promotional banks, o Upgraded access to public grant to reduce the cost of capital in the early phases.
We stand ready to supply #Europe with #ZeroCarbon #Lithium and #Renewable heating.
ASX Release 28 April 2022 Exploration and development Strategically located in Europe, Vulcan has the largest lithium resource at the centre of the fastest growing lithium-ion battery market in the world. The Company is aiming to increase the future supply of its sustainable lithium chemical product in response to significant customer demand. During the period, the Company was awarded new exploration licenses for geothermal energy and lithium in the Upper Rhine Valley Geothermal Brine Field, stepping out from its area already in production for geothermal energy. The new licenses increased Vulcan’s granted license area by nearly 50% to over 1,000km2 . The team has been focused on reviewing existing data and adding to Vulcan’s project development pipeline with the view to launch a drilling campaign at the end of 2022 to grow renewable energy production and lithium production. In addition, Vulcan subsidiary Vulcan Energy Italy Pty Ltd was granted the Cesano Permit, in Italy. The Cesano Permit extends over an area of 11.5 km2 and includes an area where a single geothermal well yielded two “hot brine” samples that contained high average lithium-in-brine historical (1976) grades of 350 and 380 mg/l Li. Vulcan is working with local partners to ascertain the potential of the area in more detail, and ascertain next steps. By growing and diversifying Vulcan’s project development portfolio - an initiative internally called “Project Rollo” – the Company aims to develop a global Zero Carbon LithiumÔ business focused on Europe, and to become a significant producer of renewable energy and sustainable lithium for electric vehicles. Vulcan is also looking at medium to longer-term opportunities on the French side of the Upper Rhine Valley.
Today, we are proud to announce that Stellantis, one of the world’s leading automakers to become substantial shareholder in Vulcan through a $76million equity investment.
We understand the equity investment from Stellantis represents the world’s first upstream investment in a listed lithium company by a top tier automaker and is a strong statement by one of the world’s largest automakers regarding sustainable and strategic sourcing of battery materials.