Brief: Vulcan Energy Resources Signs Binding Term Sheet With SLB To Increase Brine Production
27/06/2023 02:12
June 27 (Reuters) - Vulcan Energy Resources Ltd
VUL.AX :
* BINDING TERM SHEET WITH SLB TO INCREASE BRINE PRODUCTION
* TERM SHEET FOR SERVICES RELATED TO INCREASE CURRENT
GEOTHERMAL-LITHIUM BRINE PRODUCTION FROM ZERO CARBON LITHIUM
PROJECT
* UNDER DEAL, SLB TO PROVIDE TECHNOLOGY SERVICES FOR US$3.6
MLN
IN-KIND
* WILL GRANT SLB FULL WELL SCOPE FOR PHASE ONE ON RIGHT OF
FIRST
REFUSAL BASIS FOR ALL ELIGIBLE SLB SERVICES
* SLB TO EXECUTE DRILLING SERVICES FOR ATLEAST 15 PRODUCTION
AND
RE-INJECTION WELLS, TO PRODUCE LITHIUM-BEARING BRINE
Source text for Eikon: ID:nASX6w78Rh
Further company coverage: VUL.AX
((Reuters.Briefs@thomsonreuters.com;))
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