Australia's Vulcan Energy rises on funding interest for Germany project

Vulcan Energy Resources

17/05/2024 01:45

** Shares of Vulcan Energy Resources  VUL.AX  rise as much
as 13.03% to A$5.380, their highest since May 3, 2023
    ** Stock posts its biggest intraday percentage gain since
April 11
    ** The lithium explorer says it has received interest from
strategic and financial investors, commercial banks, the
European Investment Bank and government-backed export credit
agencies for funding its Zero Carbon Lithium Project in Germany
    ** Says co will now engage with interested parties to
execute the financing process, scheduled to be completed by
2024-end
    ** VUL stock on track to post its third straight day of
gains
    ** Vulcan Energy stock up 67% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))