Australia's Vulcan Energy jumps on German grant for lithium project

Vulcan Energy Resources

23/07/2025 04:23

** Vulcan Energy VUL.AX jumps as much as 12.8% to A$4.570; marks biggest intraday pct gain since April 8

** Stocks hits highest since May 16

** Lithium explorer receives 104 mln euros ($122.1 mln) in German government grants to support its lithium project

** Says Germany-based project designed to support "Germany's and Europe's critical raw materials supply chain resilience"

** VUL last up 4.2%, trims YTD losses to 21.1%

($1 = 0.8521 euros)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))