EQS-Ad-hoc: Vulcan Energy Resources Limited / Key word(s): Financing/Funds Ad-hoc Notice: Disclosure of an inside information acc. to Article 17(1) MAR
Vulcan secures EIB Board approval to participate in Phase One financing The Board of the European Investment Bank (EIB) has approved its participation in the Company's debt financing process for its Phase One Project. The Phase One Project is targeting the production of 24,000 tonnes per annum of Lithium Hydroxide Monohydrate (LHM), equivalent to approximately 500,000 EVs. The EIB's involvement is expected to serve as a cornerstone to complement the ongoing Phase One funding process. The Company is advancing its financing process following strong engagement throughout 2024 with commercial banks and government-backed ECAs. Vulcan has already received a €120m (~A$196m) commitment from Export Finance Australia, as well as an indication of strong support from Export Development Canada, Bpifrance Assurance Export and SACE.
End of Inside Information 11-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Vulcan Energy Resources Limited |
| Unit 1, Level 11, 1 Spring Street | |
| WA 6000 Perth | |
| Australia | |
| E-mail: | dtydde@v-er.eu |
| Internet: | www.v-er.eu |
| ISIN: | AU0000066086 |
| WKN: | A2PV3A |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2049411 |
| End of Announcement | EQS News Service |
2049411 11-Dec-2024 CET/CEST
