Vulcan Energy Resources Board Evolution Announcement

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL) has announced significant changes to its Board of Directors, including the appointment of Mr. Angus Barker as Non-Executive Director, effective 13 September 2024. The changes are aimed at ensuring the Board's core competency skills and experience align with the Company's transition to the execution phase of project development, following the completion of Phase One project financing. The Company's market cap stands at $764m with an issued capital of 188,188,571 shares.

Executive Commentary on Board Changes

Vulcan Energy Executive Chair, Dr. Francis Wedin, expressed his delight at welcoming Angus to the Board, highlighting the opportunity to leverage his global investment banking experience and his understanding of government's role in promoting critical minerals supply. Dr. Wedin emphasized the significance of Angus' expertise, particularly in light of the recent start of commissioning at the downstream lithium hydroxide optimisation plant and the targeted conclusion of Phase One financing. He also extended gratitude to the retiring board members for their invaluable contributions during the Company's rapid growth.

Summary of Vulcan Energy Resources Board Evolution Announcement

Vulcan Energy Resources has announced the appointment of Mr. Angus Barker as Non-Executive Director, along with the retirement of longest-serving non-executives Mr. Gavin Rezos, Ms. Annie Liu, and Ms. Ranya Alkadamani from the Board. The changes are part of the Company's preparation for the execution phase of project development, following the completion of Phase One project financing. The Company aims to ensure that the Board's skills and experience align with the transition and allow room for potential strategic investor nominee Directors. Vulcan's commitment to decarbonize lithium production and its focus on sustainable lithium for Europe position it for a pivotal year, with the targeted conclusion of Phase One financing and the recent start of commissioning at the downstream lithium hydroxide optimisation plant. The Company's ambitions include becoming the largest, most preferred, strategic supplier of lithium chemicals and renewable power and heating from Europe, for Europe, empowering a carbon-neutral future.