VULCAN


Associated tags: Carbon, Lithium, Electricity, Geothermal energy, Heart, FSE, VUL, Renewable energy, Heat

Locations: MANNHEIM, EUROPE, GERMANY, FE, FRANCE, AUSTRALIEN, FORTESCUE, US, LONDON, SINGAPORE, VULCAN, AUSTRALIA, ITALY

EQS-News: Appointment of Vulcan Group Chief Financial Officer

Retrieved on: 
Tuesday, January 30, 2024

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.
  • Prior to this, Ms Gooding was the Deputy CEO at the Minderoo Foundation and Chief Operating Officer and CFO of both the Minderoo Foundation and Tatterang, Andrew and Nicola Forrest’s private family office and investment vehicle.
  • She has significant director experience, having served on the boards of Poseidon Nickel, the Freedom Fund, Impact Minerals Limited, and Zhero BV1, among others.
  • Ms Gooding is also a fellow of the Australian Institute of Chartered Accountants and a member of the Australian Institute of Company Directors.

EQS-News: Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study

Retrieved on: 
Thursday, December 14, 2023

Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study

Key Points: 
  • Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study
    The issuer is solely responsible for the content of this announcement.
  • Reduced CAPEX for Zero Carbon Lithium™ Project:
    First integrated renewable geothermal energy, and lithium hydroxide producer with net zero greenhouse gas emissions.
  • Securing Europe’s lithium supply chain
    Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) is pleased to announce the results of its Bridging Engineering Study for Phase One of Vulcan’s Zero Carbon Lithium™ Project.
  • REDUCED RISK: Streamlining into one core production area that is already commercially producing brine, with increased lithium reserves.

EQS-News: Environmental and Social Impact Assessment completed for Phase One ZERO CARBON LITHIUM™ Project

Retrieved on: 
Thursday, December 14, 2023

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) announces that its Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project (Project) has been completed by ERM.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) announces that its Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project (Project) has been completed by ERM.
  • Vulcan is advancing Phase One of its ZERO CARBON LITHIUM™ Project: the first integrated project delivering renewable energy and lithium, from Europe for Europe.
  • Key outcomes of the ESIA report:
    The environmental and social baseline, impact assessment, and cumulative impact assessment completed by ERM is in line with lenders’ requirements to ensure a level of environmental performance prior to the furnishing of debt finance, e.g.
  • Vulcan’s ESG Lead, Storm Taylor, commented: “The completion of the Environmental and Social Impact Assessment marks a significant milestone in the advancement of our Zero Carbon Lithium™ Project.

EQS-News: Quarterly Activities Report for the period ending 30 September 2023

Retrieved on: 
Friday, October 27, 2023

Mr. Cris Moreno, MD-CEO commented: “During the Quarter, the Vulcan team have worked tirelessly on all fronts to complete the remaining activities of the Bridging Phase.

Key Points: 
  • Mr. Cris Moreno, MD-CEO commented: “During the Quarter, the Vulcan team have worked tirelessly on all fronts to complete the remaining activities of the Bridging Phase.
  • Hatch and Vulcan progressed the Phase One Bridging Study, now in its final stages, toward completion in early November.
  • This amount is an allocation of the Managing Director’s remuneration for work done on exploration activities associated with the Vulcan Zero Carbon Lithium™ Project.
  • Please see the Remuneration Report in the 2022 Annual Report for further details on Directors’ Remuneration.

EQS-News: Vulcan Energy Resources Limited: A$200 million Letter of Support received from Export Finance Australia

Retrieved on: 
Thursday, October 26, 2023

Vulcan Energy Resources Ltd.  (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce that it has received a conditional, non-binding Letter of Support from Export Finance Australia (EFA) for up to $200 million (~€120 million) for the upcoming financing of Phase One of Vulcan’s Zero Carbon Lithium™ Project.

Key Points: 
  • Vulcan Energy Resources Ltd.  (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce that it has received a conditional, non-binding Letter of Support from Export Finance Australia (EFA) for up to $200 million (~€120 million) for the upcoming financing of Phase One of Vulcan’s Zero Carbon Lithium™ Project.
  • Following a successful market sounding period, Phase One project level debt and strategic equity financing is formally due to commence in mid-November, after completion of the Bridging Study.
  • Vulcan’s Phase One financing process start is also timed to coincide with public funding applications in Germany.
  • Vulcan has already secured substantial in-principle government-backed ECA support, subject to customary conditions, from Bpifrance Assurance Export, the French ECA, SACE, the Italian ECA, and EDC, the Canadian ECA.

EQS-News: Vulcan Energy Resources Limited: Vulcan granted new licence for expansion into Frankfurt

Retrieved on: 
Monday, September 25, 2023

The Luftbrücke license, in the Frankfurt region, includes a number of large industrial areas including the Höchst Chemical Park, and Frankfurt Airport, which are all heavy energy consumers requiring large quantities of renewable energy and heating solutions.

Key Points: 
  • The Luftbrücke license, in the Frankfurt region, includes a number of large industrial areas including the Höchst Chemical Park, and Frankfurt Airport, which are all heavy energy consumers requiring large quantities of renewable energy and heating solutions.
  • It is also very carbon intensive, with almost 80% fossil energy sources, mainly gas and coal.
  • Given Frankfurt’s high heat demand, there is a significant commercial and decarbonisation opportunity for Vulcan Energy via geothermal renewable energy development in Luftbrücke.
  • “This new licence signifies a major future phase opportunity for Vulcan as a dual lithium and geothermal energy producer,” said Managing Director and CEO Cris Moreno.

EQS-News: Vulcan Energy Resources Limited: Commissioning start at Lithium Extraction Optimisation Plant

Retrieved on: 
Tuesday, August 22, 2023

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company), the renewable energy producer and carbon neutral lithium developer, has commenced commissioning at its Lithium Extraction Optimisation Plant (LEOP).

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company), the renewable energy producer and carbon neutral lithium developer, has commenced commissioning at its Lithium Extraction Optimisation Plant (LEOP).
  • Vulcan has commenced commissioning of its Lithium Extraction Optimisation Plant (LEOP), for the purpose of extraction, purification, and concentration of lithium chloride from brine in the Upper Rhine Valley in Germany.
  • The commissioning phase for LEOP is expected to run until October, when first brine will be introduced into the plant for the lithium extraction process to begin.
  • Once the lithium chloride is produced, it will be transported to Vulcan’s downstream Central Lithium Electrolyser Optimisation Plant (CLEOP) in Frankfurt-Höchst where the lithium chloride will be converted into lithium hydroxide, which will be tested by Vulcan’s lithium offtake partners, Stellantis, Volkswagen, Renault, Umicore and LG Energy Solution.

EQS-News: Vulcan Energy Resources Limited: Quarterly Activities Report June 2023

Retrieved on: 
Tuesday, August 22, 2023

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) has continued its transformation into a project execution company, focused on delivering Phase One of the Zero Carbon Lithium™ Project.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) has continued its transformation into a project execution company, focused on delivering Phase One of the Zero Carbon Lithium™ Project.
  • Vulcan and Stellantis mark their fourth agreement together, with a joint project to develop renewable energy supply for the Mulhouse automotive plant in France.
  • Costs include capitalised costs from Vulcan Energy Subsurface (VES) and Vulcan Energie Ressourcen GmbH staff costs where time was allocated to Vulcan license areas.
  • This amount is an allocation of the Managing Director’s remuneration for work done on exploration activities associated with the Vulcan Zero Carbon Lithium™ Project.

EQS-News: Vulcan Energy Resources Limited: Positive local development and permitting progress towards delivery of Phase One of Vulcan’s Zero Carbon Lithium™ Project

Retrieved on: 
Thursday, July 13, 2023

The G-LEP construction is planned as part of Phase One of Vulcan’s Zero Carbon Lithium™ Project in the Upper Rhine Valley Brine Field.

Key Points: 
  • The G-LEP construction is planned as part of Phase One of Vulcan’s Zero Carbon Lithium™ Project in the Upper Rhine Valley Brine Field.
  • Vulcan plans to extract carbon neutral lithium and supply carbon neutral, renewable heat to the city, as part of its Phase One development.
  • We have worked closely with local stakeholders to progress our Zero Carbon Lithium™ Project plans.
  • Our hard work is paying off, with positive decisions for the Project provided by the Landau City Council and the surrounding planned Phase One project locations.

EQS-News: Vulcan Energy Resources Limited: Zero Carbon Lithium Project Update

Retrieved on: 
Thursday, June 15, 2023

Senior appointments to Zero Carbon Lithium™ Project execution team from oil and gas, battery and Tier One EPC industries EPCM contracts for Phase One enter RFP stage

Key Points: 
  • Senior appointments to Zero Carbon Lithium™ Project execution team from oil and gas, battery and Tier One EPC industries EPCM contracts for Phase One enter RFP stage
    Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company), the renewable energy producer and carbon neutral lithium developer, is pleased to provide a project execution update, for its Zero Carbon Lithium™ Project in the Upper Rhine Valley Brine Field, Germany.
  • LEOP will supply lithium chloride to CLEOP, Vulcan’s downstream Optimisation Plant which will produce the final lithium hydroxide product.
  • Vulcan’s Zero Carbon Lithium™ Project is leveraging complementary skills from the O&G industry as part of the Just Transition to deliver Phase One, to complement its team of ca.
  • Vulcan’s MD and CEO, Dr. Francis Wedin, commented: “Enabled by our strong cash position, we are making steady, methodical progress towards the execution of the Zero Carbon Lithium™ Project.