Vulcan Energy Updates Share Count as It Pushes Forward with Lionheart Financing

Vulcan Energy disclosed the latest tally of its voting rights following recent tweaks to its capital structure, a move designed to enhance transparency for investors after related filings with the Australian Securities Exchange (ASX).

On Friday, the company announced that the total number of voting rights now stands at 477.903.314. The update fulfills regulatory obligations and provides stakeholders with a clear view of the current equity base.

The change is linked to administrative documents filed the day prior. On February 12, Vulcan Energy submitted an ASX notice requesting the listing of securities and a Cleansing Notice, both of which indicate the potential issuance of new shares.

Funding for the Lionheart project remains at the center of Vulcan?s capital actions. The measures are intended to facilitate the development of the Lionheart project in Germany, which is planned to deliver sustainably produced lithium and geothermal energy. By the end of 2025, Vulcan stated that it had secured full financing for the venture.

In January 2026, Vulcan reported successful production tests at the first new borehole. CEO Cris Moreno recently shared updates about ongoing drilling in a podcast, underscoring the continuing activities at the site. Such capital adjustments are common for companies advancing through the project development phase.

The Lionheart project is aimed at producing significant quantities of lithium hydroxide monohydrate, a key material used in electric-vehicle batteries.