VUL vulcan energy resources limited
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Jan 17 (Reuters) - Vulcan Energy Resources Ltd (VUL) :...

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    17/01/23
    09:40
    Post #: 65726374

    Jan 17 (Reuters) - Vulcan Energy Resources Ltd (VUL) :

    • AGREEMENT WITH STELLANTIS FOR PHASED PROJECT AGREEMENT
    • SIGNED A BINDING TERM SHEET WITH STELLANTIS
    • STELLANTIS WILL AIM TO SOURCE FUNDING FOR 50% OF PROJECT DEVELOPMENT AFTER FIRST PHASE
    • AGREEMENT AIMED AT DEVELOPING, BUILDING, AND OPERATING GEOTHERMAL RENEWABLE ENERGY ASSETS
    • PLANNED PROJECT WILL BE AT NORTHERNMOST EXTENT OF VULCAN'S FOCUS AREA IN UPPER RHINE VALLEY
    • STELLANTIS AIMS BECOMING CARBON NET ZERO BY 2038, WITH A 50% REDUCTION BY 2030
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