Stellantis has invested €50 million in Vulcan Energy Resources and becomes the second-largest shareholder of the German-Australian lithium producer with an eight per cent stake. Vulcan and Stellantis have also extended their binding off-take agreement for lithium hydroxide by five to ten years.
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Vulcan Energy Resources has entered into a binding lithium offtake agreement with LG Energy Solution. Unlike the deal with Renault, the delivery volume in the urgent order with LGES is as high as announced.
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Lithium producer Vulcan Energy Resources has been granted a research permit in Italy. It concerns an 11.5-square-kilometre area in Cesano near Rome, where brine samples were found in a geothermal well.
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Vulcan Energy Resources has secured five new licences in the Upper Rhine Graben. In addition to an extraction licence for geothermal energy, Vulcan is expanding its previous exploration area for geothermal energy extraction and lithium by 325 square kilometres with four new exploration licences.
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The Australian-German lithium startup Vulcan Energy Resources has acquired a geothermal power plant in Germany for €31.5Mn ($35.7Mn). Vulcan wants to upgrade the 4.8 MW Insheim plant previously owned by local utility Pfalzwerke to set up a new test facility for low-carbon lithium production.
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The Volkswagen Group has concluded three further strategic partnerships in the field of electric car batteries. The new partners are the materials technology group Umicore, the battery specialist 24M Technologies and the lithium supplier Vulcan Energy Resources.
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Vulcan Energy Resources has entered into a binding lithium offtake agreement with Stellantis. Vulcan will supply Stellantis with a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of lithium hydroxide during the five-year contract period.
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Vulcan Energy has reached a binding lithium purchase agreement with Renault. However, there is a catch: the delivery volume is less than was stated when the supply agreement was announced in August.
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Materials technology and recycling group Umicore has signed long-term lithium supply agreements with Ganfeng Lithium and Vulcan Energy Resources. Both contracts have an initial term of five years and can be extended by mutual agreement.
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The German-Australian lithium producer Vulcan Energy announces that it has produced lithium hydroxide monohydrate using geothermal energy for the first time. The company also plans to move its planned central processing facility to the Höchst Chemical Park near Frankfurt.
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The German-Australian lithium producer Vulcan Energy is planning a dual listing on the stock exchanges in Australia and Germany. With the intended inclusion in the Prime Standard of the Frankfurt Stock Exchange, the company wants to become more attractive for European investors.
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Vulcan Energy announces another prominent customer for the supply of lithium extracted from thermal water in the Upper Rhine Graben. Renault is the second carmaker after the Stellantis Group banking on battery metal coming through the German-Australian company.
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Lithium supplier Vulcan Energy has signed a long-term supply contract with Korean battery manufacturer LG Energy Solution (LGES). What’s special: Vulcan Energy wants to extract its lithium from thermal water in the Upper Rhine Graben.
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