Australia's Vulcan jumps to one-month high on securing Lionheart project financing
28/05/2026 04:34
BUZZ-Australia's Vulcan jumps to one-month high on securing Lionheart project financing ** Shares of Vulcan Energy VUL.AX rise as much as 7.9% to A$3.84, their highest level since April 27
** The lithium explorer secures financial close on € 2.2 billion ($2.55 billion) financing for Lionheart Project, finalising its equity and debt arrangements to fund the construction of the German project
** Having secured its financing package in December 2025, VUL now unlocks remaining funds subject to customary drawdown conditions.
** Stock down 17%, YTD
($1 = 0.8612 euros)
(Reporting by Sherin Sunny in Bengaluru)
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