Aussie Vulcan Energy rises as zero carbon lithium project nears take off

Vulcan Energy Resources

15/06/2023 04:15

** Shares of Vulcan Energy Resources  VUL.AX  climb as much
as 3.1% to A$3.94, hitting their highest since June 6
    ** The lithium-focussed miner says it has entered the final
stages of mechanical completion of its Lithium Extraction
Optimisation Plant (LEOP) in Germany
    ** Says LEOP is part of co's zero carbon lithium project,
developing Europe's largest lithium resource and supporting the
region's transition to electric vehicles
    ** Co says it is targeting LEOP commissioning during
September before enabling it to enter full operation
    ** Says co's optimisation plants aim to supply its
automotive and battery customers in Europe, which include
Stellantis and Volkswagen
    ** Stock down 39.7% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))