Stock Track | Vulcan Energy Resources Soars 5.05% on Strong Production Test Results from German Project

Stock Track

01/21

Vulcan Energy Resources Ltd (VUL.AU) saw its stock soar by 5.05% during intraday trading on Wednesday, following the announcement of strong production flow test performance from its LSC-1b sidetrack in the Lionheart project in Germany.

The company reported successful test results from its first-phase field development plan in the Upper Rhine Valley Brine Field. The project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, along with significant renewable energy outputs, with first commercial production expected in 2028.

This development marks a significant step forward for Vulcan Energy's integrated lithium and renewable energy project, which has a projected lifespan of 30 years. The positive test results have bolstered investor confidence in the company's long-term growth prospects.

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