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
$4.34 |
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0.030(0.70%) |
Mkt cap ! $1.017B | |||
| Open | High | Low | Value | Volume |
| $4.26 | $4.41 | $4.15 | $5.219M | 1.223M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6976 | $4.33 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.34 | 3725 | 1 |
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| VUL (ASX) Chart |