My AI says:
"
Vulcan Energy Resources (VUL) is targeting the start of lithium production in 2025 through its flagship Zero Carbon Lithium™ Project in the Upper Rhine Valley, Germany. The company plans to extract lithium from geothermal brine using a Direct Lithium Extraction (DLE) process, powered by renewable geothermal energy.
Current Development Timeline
While these timelines are subject to potential delays due to regulatory approvals, technical challenges, or market conditions, Vulcan Energy has remained on track with its development goals to start producing lithium by 2025."
- 2023-2024: Vulcan is focused on completing feasibility studies, pilot projects, and securing key agreements and partnerships. This includes:
- Finalizing Definitive Feasibility Study (DFS): Expected to be completed in 2024. This will provide the final economic assessment of the project.
- Securing Offtake Agreements: Vulcan has already signed agreements with several major companies (e.g., Stellantis, Renault) for future lithium supply.
- Permitting and Construction: Vulcan is in the process of obtaining the necessary permits for the construction of its lithium extraction and processing facilities.
- 2025: The company expects to begin commercial production of lithium in early 2025, pending the completion of construction and the successful ramp-up of operations.
VUL megathread, page-7736
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Last
$4.93 |
Change
0.230(4.89%) |
Mkt cap ! $927.7M | |||
| Open | High | Low | Value | Volume |
| $4.95 | $5.07 | $4.90 | $2.349M | 471.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $4.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.96 | 100 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| VUL (ASX) Chart |