April 27 (Reuters) - Vulcan Energy Resources Ltd (VUL) on Thursday said it teamed up with European essential chemicals producer Nobian GmbH to establish a joint venture and fund the Australian lithium group's central lithium plant (CLP) in Germany.
Nobian will contribute 161 million euros ($177.76 million) in cash as equity to fund capital expenses of the CLP, and buy 50% in a special purpose entity, which would include the CLP, Vulcan said.
($1 = 0.9057 euros) (([email protected]; Twitter: https://twitter.com/sameer_manekar;))
News: VUL Aussie lithium group Vulcan teams up with Nobian for Germany project funding
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Last
$4.25 |
Change
0.500(13.3%) |
Mkt cap ! $996.3M | |||
| Open | High | Low | Value | Volume |
| $3.75 | $4.34 | $3.75 | $12.09M | 2.940M |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5484 | $4.24 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 659 | 3 |
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| VUL (ASX) Chart |