Vulcan Energy Secures Key Partnership for Landmark Lithium Project

Vulcan Energy AU0000066086

A major development has emerged for Vulcan Energy as the German lithium developer finalized a cornerstone supply agreement for its Phase One Lionheart initiative. This pivotal contract with a Canadian technology firm is considered essential for securing the project’s final financing, potentially enabling the company to transition from planning to production and establish Europe’s first climate-neutral lithium operation.

The company confirmed an exclusive partnership with Canadian electrochemistry specialist NORAM Electrolysis Systems (NESI). This agreement designates NESI as the sole technology provider for Vulcan’s planned Central Lithium Plant (CLP), to be situated within Frankfurt’s Höchst Industrial Park.