VUL 0.52% $3.83 vulcan energy resources limited

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    SWR dispels LITHIUM MYTH!


    Contrary to Vulcan Energy's figures,SWR today clears up the lithium myth for the Upper Rhine Graben in areport.


    A very interesting report that clearlyshows that reports about the alleged coverage of the entire lithiumdemand should rather be filed under the category: "Legends &Fairy Tales".


    There are reports about 2 - at most 13%, which could be covered here with a complex absorption from thedeep water for the German demand, IF(!) an industrial process wouldbe available here at some point.


    3 to 4 thousand tonnes per year wouldpossibly be possible. Data with 40,000 tonnes per year are again tobe placed in the category "myths and fairy tales".


    Very interesting! Listen in! 8 minutesthat are not only worthwhile for investors, quotes:


    On earthquakes:


    "So this is exactly the problem inthe Upper Rhine Graben."


    "So there is a very strongresistance."


    "There have always been problemswith these deep wells in the past."


    On lithium:


    Question: "Now you could say, ok,then, there is resistance to new drilling, but you could perhaps onlyextract lithium where geothermal energy is already being done, andwould that then be worthwhile?"


    Answer: Well, I'm going to go out on alimb and say no."


    "And that's significantly lessthan, let's say. than the very optimistic estimates of the VulcanEnergy company."


    https://www.swr.de/swr2/wissen/lithium-abbau-im-oberrheingraben-die-goldgraeberstimmung-wird-gedaempft-100.html

 
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