BUZZ-Australia's Vulcan Energy Resources gains on deal with German energy supplier

Reuters

2025/06/24

** Vulcan Energy Resources VUL.AX rises as much as 6.3% to A$3.71, highest in a week

** Lithium explorer signs heat offtake agreement with German municipal energy supplier, EnergieSüdwest AG (ESW) for the supply of geothermal renewable heat from VUL's Lionheart Phase One Project

** Under the deal, co will supply geothermally-generated heat to various districts in Germany's Landau area for 35 years

** VUL loses 34.8% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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