https://bnn.de/nachrichten/wirtschaft/vulcan-energy-zieht-es-auch...

https://bnn.de/nachrichten/wirtschaft/vulcan-energy-zieht-es-auch-an-die-boerse-in-frankfurt

(translated with Google)

Vulcan Energy is also going public on the Frankfurt Stock Exchange

With its Karlsruhe subsidiary, Vulcan Energy is in the starting blocks for lithium production in the Upper Rhine Graben. To finance this, the company is not only active in Sydney, Australia, but also in Frankfurt.

German-Australian company for lithium production: The two managing directors Francis Wedin (left) and Horst Kreuter, founder of the German subsidiary Vulcan Energie Resources, bring Vulcan to disallowed in Frankfurt.
by Erika Becker
Jan 20 2022 | 8:11 p.m.

The German-Australian company Vulcan Energy Resources wants to place its shares not only in Sydney, but also on the Frankfurt Stock Exchange. According to company information on Thursday, Vulcan has applied for dual listing in Frankfurt.

"The company will be listed in the Prime Standard market segment and can officially be traded there from February 9, 2022," said Vulcan Energy. It will remain listed on the Sydney Stock Exchange, Australia.
"More than 90 percent of our team is based in Germany," reports the company, whose German subsidiary Vulcan Energie Resources GmbH is based in Karlsruhe. The double listing is a reaction to the growing e-mobility market, the increasing demand for raw materials in Europe and the increasing demand for investments in lithium production.

"With the double listing, we want to continue to actively promote the mobility turnaround in Europe and at the same time build up more domestic supply chains," says Francis Wedin, CEO of Vulcan.


Binding purchase agreements with car manufacturers

But Vulcan also wants to promote public acceptance of its project in the Upper Rhine Valley. The plans to mine thermal water underground and extract lithium from it are met with resistance locally. Many people fear that this will cause earthquakes.

According to its own statements, the company has secured more than 200 million euros for the development of lithium production and binding purchase agreements with Renault, Umicore, Stellantis and Volkswagen within the past two years. At the end of 2021, Vulcan took over the geothermal power plant in Insheim, Palatinate.