Company Announcements

€104m (~A$186m) grants approved by German governments to Vulcan’s lithium project

Vulcan Energy (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce the approval of two grants totalling up to ~€104m (~A$186m) for the Clean Lithium for Battery Cell Production funding project (Li4BAT).  

The grants are funded by the German Federal Government and the states of Rhineland-Palatinate and Hesse under the lead of the Federal Ministry of Economy and Energy (BMWE) within the Temporary Crisis and Transition Framework (TCTF) scheme by the European Union, together with the Resilience and Sustainability of the Battery Cell Production Ecosystem funding of the German government. Li4BAT will be applied towards building industrial-scale lithium production and processing, which is part of Vulcan’s Phase One Lionheart Project.  

The grants consist of two parts: lithium raw materials production, part of the Company’s Geothermal Lithium Extraction Plant (G-LEP) in Landau, Rhineland-Palatinate, and a lithium hydroxide processing part at the Company’s Central Lithium Plant (CLP) in Frankfurt, Hesse.

Li4BAT is designed to assist with building Germany’s and Europe’s critical raw materials supply chain resilience, to supply lithium raw materials and battery-quality lithium hydroxide to service the European battery EV industry. 

The Li4BAT grant will be disbursed pro rata over 36 months following eligible expenditure from 1 October 2025.