Ann: Positive Local Development and Permit Progress Updates, page-19

From last month:

https://www.mining.com/web/lithium-start-up-seeks-cash-from-berlin-to-bring-project-to-life/

“...Company executives have been in Berlin this week to seek support for the €1.5 billion ($1.6 billion) project in the upper Rhine Valley that the firm hopes to bring online in 2025.

...“We need the political backing now, as we still need to raise the lion’s share of our planned investment sum,” Vulcan chief executive officer Francis Wedin said in an interview. “We’re aiming to raise the money via debt and equity, but we also need grants.”

...Chancellor Olaf Scholz’s government has indicated it wants to support start-ups like Vulcan in their effort to extract critical raw materials in Germany. It generally doesn’t comment on individual companies before a decision on grants has been made...”

Not long to go now before the first batches of Rhine brine Li are pumping out of the new Vulcan demo production plant, and imo the funding pathways to construction will become clear shortly thereafter. It would be a nice PR coup to see our cornerstone shareholder Stellantis work with its battery supplier to produce the first unit utilizing Vulcan’s demo plant lithium, slap it in a new EV replete with Vulcan branding, and get that driving around the Pfalz, on the autobahns, and back and forth to Berlin. One for Nico Rosberg too.

This is shaping up to be quite the battle between the optimistic bulls versus the ever-sniping bears.