VUL megathread, page-5309

Yeah gotta love larrygerry's continued attempts to appeal to his European expertise, because he once "lived in Germany"!

Whoop dee doo Basil! Based on that logic, does that mean if I live in Victoria, does that make me an expert on the permitting process for a Lithium mine in Western Australia??!! Of course not!



Yes, it is a unpredictable macro environment we are currently in testing investors nerves.

What we do know is Vulcan are:
- Building a scaled up Sorption Plant, which will be commissioned at the end of Q4 2022;
- Building the Lithium Hydroxide demo plant, which will be commissioned in late Q1 2023
- Upgrading the resource size, which is already the largest in Europe in Q4 2022;
- Signing more heat offtake agreements, which is becoming of critical importance to Germany as an alternative to Russian gas;
- Delivering the DFS for Stage 1 of the project in Q1 2023, which is projected to be 50% bigger than what was originally proposed in the PFS;
- Delivering a PFS for Stage 2 of the project alongside the Stage 1 DFS.
- Expanding operations into Italy and France

The deliverables listed above are all expected in the next 6 months. The critical nature of both heat and lithium to Europe has never been more important. So, despite the macro headwinds, the project is very well placed politically and financially after raising $276m this year and welcoming one of the world's largest auto OEMs to become the second largest shareholder.