Vulcan Energy Resources (ASX:VUL) debt financing update

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL) has made significant progress in the financing of Phase One of its ZERO CARBON LITHIUM™ Project. The company has reached a key milestone in its mission to become Europe's leading integrated lithium and renewable energy producer.

Managing Director and CEO Cris Moreno on debt financing progress

This pivotal stage towards securing financing for Phase One of Vulcan's Project marks a key milestone in our mission to become Europe's leading integrated lithium and renewable energy producer. As we broaden the lending pool to include additional commercial banks, we remain confident the strong interest and support we've received thus far will lead to the successful completion of our debt financing process, enabling us to accelerate the delivery of Europe's green energy and mobility transition.

Vulcan Energy Resources (ASX:VUL) debt financing summary and outlook

Vulcan Energy Resources has achieved significant progress in the financing of Phase One of its ZERO CARBON LITHIUM™ Project. The company is targeting to receive credit approvals and sign debt commitment letters by the end of the year and is aiming to sign the finance documentation in Q1 2025. Vulcan's unique project aims to decarbonize lithium production and develop the world's first carbon-neutral lithium business, with the co-production of renewable geothermal energy on a mass scale. The company is committed to becoming the supplier of choice for premium lithium chemicals and renewable power and heating from Europe, for Europe, to empower a carbon-neutral future.