Vulcan Energy Resources Limited announcement

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL) has announced the completion of the Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project. The ESIA, conducted by ERM, is a crucial step towards securing sustainable or 'green' debt finance and serves as a validation of the Project's sustainability credentials.

Executive commentary on ESIA completion

Vulcan's ESG Lead, Storm Taylor, emphasized the significance of the ESIA completion, stating, 'The ESIA has validated the world-leading sustainability and social benefits our integrated renewable energy and lithium project will deliver to stakeholders. Uniquely, our Project has no potential impact classed as greater than 'minor' post mitigation and has instead shown a range of positive impacts to both people and the planet.'

Summary of completion of ESIA for Zero Carbon Lithium™ Project

Vulcan Energy Resources Limited has successfully completed the Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project, marking a significant milestone in advancing sustainable lithium production for Europe. The ESIA, conducted by ERM, aligns with lenders' requirements and validates the Project's sustainability credentials. The report highlights multiple positive impacts, including renewable heating provision for local communities and carbon neutral lithium production to decarbonize the supply chain. Vulcan aims to integrate the ESIA and Environmental and Social Management Plan (ESMP) into its project-level financing process, signaling a commitment to sustainable practices. With ambitions to meet Europe's battery electric vehicle critical raw material needs and provide affordable, baseload renewable energy to local communities, Vulcan is poised to play a pivotal role in the energy transition, decarbonization, and electrification of transport in Europe.