Reuters today:
"This delayed the feasibilitystudy, which the company hopes will attract the required investmentof more than €1.7 billion."
"The study will now be publishedin early 2023, with production of 40,000 tonnes to be reached by theend of 2026, not 2025 as originally announced, chief executive HorstKreuter said."
Annotation:
Vulcan actually wanted to start lithiumproduction in 2024:
"Vulcan wants to start lithiumextraction in 2024."
"Then 40,000 tonnes of lithiumhydroxide are to be produced annually, which according to the Vulcanvideo above is enough for one million e-cars."
https://insideevs.de/news/551214/vulcan-energy-lithium-stellantis-oberrheingraben
Continuing with Reuters:
"But observers such as Germany'sKarlsruhe Institute of Technology (KIT) say even the postponed planis unrealistic, pointing out that the technology has not yet beentested and various permits still need to be obtained."
"A study conducted by theinstitute earlier this year said 20 mining sites would be needed toreach an amount of about 40,000 tonnes of lithium per year, whichcould not be built before the end of the decade."
https://www.reuters.com/business/energy/vulcan-energy-delays-lithium-output-target-by-year-2022-12-14
Reuters today:"This delayed the feasibilitystudy, which the...
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$3.98 |
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Mkt cap ! $933.0M | |||
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