Vulcan Energy Resources has secured a €2.2bn financing package for the Lionheart lithium and renewable energy project in Germany. This funding will cover the construction and development of phase one, positioning Vulcan as a key player in Europe’s battery and EV supply chain. The project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, along with renewable power and heat. Major contracts have been signed, with commercial production of LHM expected to start in 2028. The financing includes a mix of senior debt, grants, and equity investments from various government agencies, banks, and industrial partners. Vulcan is set to redefine lithium production in Europe with this project.

Read more at Yahoo Finance: Vulcan Energy secures $2.6bn financing package for lithium project