Australia's Vulcan surges on EU strategic project status for German lithium project

Vulcan Energy Resources

26/03/2025 24:03

** Shares of Vulcan Energy Resources VUL.AX rise 4.2% to A$4.95

** Stock rose as much as 10.3% to A$5.24 in early trade, its highest level since January 24

** Miner receives strategic project status for its Phase One Lionheart lithium and renewable energy project in Germany

** Strategic project status under European Commission's Critical Raw Materials Act

** Stock down 7.9% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))