VUL 5.32% $4.55 vulcan energy resources limited

Ann: Agreement with Nobian for the development of the CLP, page-12

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    Nobian and Vulcan sign agreement for unique lithium project to supply European EV-battery production
    https://www.nobian.com/en/news/nobian-and-vulcan-sign-agreement-for-unique-lithium-project-in-germany

    Quotes: "To do so, Nobian will host and facilitate an electrolysis and crystallization demo-plant at its site in Frankfurt, close to the Vulcan geothermal-lithium reservoir sites for the extraction of lithium chloride."

    "The demo-plant will be operated by Vulcan in collaboration with Nobian and is planned to be operational in Q3 2022."

    "Vulcan and Nobian will also discuss chlorine and hydrogen offtakes, which are by-products of the electrolysis process, and jointly assess the feasibility for a commercial lithium plant."
 
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