Vulcan Energy Resources

With effect from 12 September 2026, the board of Vulcan Energy Resources has appointed Angus Barker as non-executive chairman. Dr Francis Wedin is stepping back from the role of executive chairman into a founder role and will in future drive the growth and business development portfolio. The board cites the secured financing position and the ongoing construction of the €2.2 billion Lionheart project as the reasons for the change. Barker brings more than 30 years of experience in corporate finance, M&A and capital markets and will take on additional board responsibilities. » Mere på de.investing.com

Board member Cristobal Moreno reported the purchase of Vulcan Energy shares on 10 August 2026 on the ASX. The reported price was AUD 2.91, and the aggregated volume of the transaction amounted to AUD 20,370.00. The filing was officially released by Vulcan Energy. » Mere på de.investing.com

Vulcan Energy secures total financing of €2.2 billion for the first project phase, including €150 million equity from the German commodity fund; the bulk is €1.185 billion in debt. CEO Chris Moreno announces plans to produce industrial-grade lithium hydroxide from 2028 (24,000 t/year for phase 1) and cites operating costs of about €3,500 per tonne. The company relies on the DLE process, operates optimization facilities and must meet quarterly milestone-based requirements; permits for the first plants and two drill sites are in place. » Mere på handelsblatt.com

Vulcan Energy has secured financing for the Lionheart project, which aims to produce deep geothermal heat in Landau while extracting lithium from thermal brine. The first phase costs €2.2 billion and is planned to produce up to 24,000 tonnes of lithium hydroxide monohydrate per year, as well as about 560 GWh of heat and 275 GWh of electricity annually. Plans include a combined plant in Landau, downstream processing in Frankfurt‑Höchst and supplementary drilling. Funding comes from state climate funds, a consortium (including the EIB with €250 million) and €528 million of Vulcan equity. The groundbreaking took place on 5 December 2025; commissioning is expected roughly 2.5 years after construction begins. » Mere på heise.de

Vulcan Energy is the first company to receive funds from the German raw materials fund — up to €150 million — and intends to produce lithium in the Upper Rhine Graben via geothermal direct lithium extraction. The technology combines geothermal energy with lithium extraction, is said to be particularly low-cost and low‑CO2, and provides heat for local communities in addition to lithium. Commercial production is planned for 2028 with an annual capacity of 20,000–24,000 tonnes; the first decade is already contracted out. Total investments are stated at about €1.47 billion. The company names Hochtief as the main investor; geological risks are considered low, while geopolitical and project execution risks remain. » Mere på capital.de