Australia's Vulcan Energy falls on Phase One Lionheart lithium project update

Vulcan Energy Resources

02/04/2025 04:27

** Shares of Vulcan Energy VUL.AX fall 11.3% to A$4.56, their lowest levels since March 19

** The energy firm says it would include the German government's participation in the financing of its Phase One Lionheart lithium project following the grant of 'Strategic Project' status by the European Commission last month

** Stock posts its biggest intraday percentage drop since early March

** Stock down 14.8% YTD, including current session's moves

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))