Theoretically yes, economically, no - Vulcan's advantage is that...

Theoretically yes, economically, no - Vulcan's advantage is that they bolt on DLE process to existing geothermal plants by forming JV with the plant operator. Thus, our lithium resource (heated brine) and JV already contain all of the required conditions to export net energy back to grid as Pabs and aussie mentioned.

For another miner (e.g. spod producer), the cost of building a massive green energy farm would likely make the overall project infeasible and would struggle to get backing, Thus, this presents a strong moat assuming other risk factors which have already been brought up several times are successfully negotiated. PFS ann to shed light on these.

Add to this the geographic moat, in that if we get into production we will be the closest lithium producer to every German battery factory, greatly reducing emissions.