Australia's Vulcan Energy climbs on producing first lithium chloride at Germany plant

Vulcan Energy Resources

11/04/2024 02:18

** Shares of lithium explorer Vulcan Energy  VUL.AX  jump as
much as 14.7% to A$3.280, their highest since March 18
    ** VUL stock is top gainer on ASX All Ordinaries index
 .AORD 
    ** Co announces start of production of first lithium
chloride at its extraction plant in Germany using geothermal
energy
    ** Co says the results are in line with its commercial plant
expectations and financing model
    ** The lithium chloride output will be converted into
battery-grade lithium hydroxide at co's new conversion plant in
Frankfurt in H2 - Vulcan CEO
    ** As of last close, stock up 0.4% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))