VUL vulcan energy resources limited

News: VUL Aussie lithium group Vulcan teams up with Nobian for Germany project funding

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    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;))

 
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