Vulcan Energy Resources Ltd. (AU:VUL) has released an update.
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Vulcan Energy has secured approval from the European Investment Bank to participate in the Phase One financing of its innovative lithium project in Germany, with potential funding up to €500 million. This strategic involvement underscores the project’s significance in developing a sustainable lithium supply chain for electric vehicles in Europe. Vulcan’s initiative aims to decarbonize battery production while supplying renewable energy to local communities.
For further insights into AU:VUL stock, check out TipRanks’ Stock Analysis page.
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