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Vulcan Energy Resources (VUL) investor relations material
Vulcan Energy Resources AGM 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Integrated project overview
Producing lithium chemicals and renewable energy from geothermal brine in central Europe, with no fossil fuels involved.
29.1Mt LCE resource supports a 30-year project life, with Phase One (Lionheart) targeting 24ktpa lithium chemicals, 275 GWh power, and 560 GWh heat annually.
€2.2 billion financing secured for Lionheart, with construction underway and offtake agreements in place.
Project is strategically located near European battery and auto industry customers, enhancing supply chain resilience.
Full product flexibility across lithium chemistries to meet evolving market needs.
Financials and funding
Market capitalization at A$1.7bn, with €364.3m cash as of March 2026.
€2.2bn Lionheart financing package includes €1,185m debt, €529m equity, and €204m government grants.
Major institutional and strategic shareholders include HOCHTIEF, Van Eck, Bank Hapoalim, and Stellantis.
Financial close achieved in May 2026, enabling full funding for construction and production ramp-up.
Project Lionheart specifics
Integrated value chain from geothermal brine extraction to lithium chemical production.
Utilizes proprietary VULSORBⓇ A-DLE technology for efficient, low-cost lithium extraction.
Estimated C1 production cost at €3,588/t LHM, placing it in the lowest cost quartile globally.
Phase One underpinned by 29.1Mt LCE resource, with proven and probable reserves for 30 years.
- Major grants, resource upgrades, and key contracts drive transformative project momentum.VUL
Q3 2025 TU29 May 2026 - Secured €2.2bn for Europe's largest integrated lithium project, with 2028 production targeted.VUL
Q1 2026 TU29 Apr 2026 - Secured €2.2bn for Lionheart, began construction, and ended 2025 with €517.8m in cash.VUL
H2 202526 Mar 2026 - €2.2bn financing secured, construction started, and 2028 production targeted for lithium project.VUL
Q4 2025 TU2 Feb 2026 - €2.2bn secured for Europe's largest lithium project, targeting low-cost, sustainable battery supply.VUL
Investor Presentation2 Dec 2025 - Integrated lithium project targets 24,000 tpa LHM with lowest CO₂ footprint and strong EU backing.VUL
Corporate Presentation18 Sep 2025 - Produced Europe's first battery-quality lithium, expanded resources, and secured major project funding.VUL
H1 20259 Sep 2025 - Drilling, financing, and resource expansion mark a transformative quarter for project execution.VUL
Q2 2025 TU29 Jul 2025 - Vulcan Energy is set to deliver Europe's first large-scale, carbon-neutral lithium supply for EV batteries.VUL
Investor Presentation16 Jun 2025
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