Vulcan Energy's Lionheart Project Financing Achieves Financial Close

Vulcan Energy Resources Limited has announced that its financing package for the Lionheart Project has reached Financial Close. The €2.2 billion package will support the construction of the Lionheart Project in the Upper Rhine Valley, located between Germany and France. This marks the first production phase for Vulcan and involves the creation of a comprehensive lithium and renewable energy project.

The Lionheart Project aims to achieve a production capacity of 24,000 tonnes of lithium hydroxide monohydrate annually. This output can effectively provide enough material for approximately 500,000 electric vehicle batteries each year, while also generating a co-product of renewable power amounting to 275 GWh and heat for local communities totaling 560 GWh annually, across a projected lifespan of 30 years.

Following a positive Final Investment Decision in December 2025, Vulcan initiated construction, and with the recent Financial Close, the company can continue to utilize the funding as planned. Vulcan's leadership emphasized the importance of this milestone, highlighting the support from European financial and governmental partners, as well as strategic industrial collaborators.