Australia's Vulcan jumps on govt funds commitment for lithium project

Vulcan Energy Resources

09/12/2024 03:07

** Shares of Vulcan Energy Resources  VUL.AX  rise as much
as 7.7% to A$6.43, set to snap eight-sessions losing run
    ** Stock posts biggest intraday pct gain since Nov. 26
    ** Miner says Export Finance Australia conditionally
approves 120 mln euros ($126.6 mln) for co's debt financing for
phase one of Lionheart project in Germany
    ** Project aims to decarbonise lithium supply chain for EVS
and supply local communities with renewable heat and power
    ** Stock up 116.5% YTD, including current session's moves
 
 ($1 = 0.9477 euros)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))