Australia's Vulcan Energy gains on plans to acquire Germany-based Geox GmbH

Vulcan Energy Resources

27/09/2024 02:38

** Shares of Vulcan Energy Resources  VUL.AX  climb as much
as 6.7%, their highest levels since early August  
    ** The lithium explorer says it will acquire Germany-based
Geox GmbH for 15 mln euros ($16.76 mln) to consolidate
production assets of Zero Carbon Lithium Project 
    ** Co also agrees for a 10-mln-euro credit facility with BNP
Paribas to fund Phase 1 of the project 
    ** Including day's moves, stock has risen ~56.5% this year

    ($1 = 0.8953 euros)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))