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Vulcan Energy Launches Europe’s First Battery-Grade Lithium Production with €1.45bn Financing
8:48am on Friday 31st of January, 2025 AEDT
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Energy
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Vulcan Energy Launches Europe’s First Battery-Grade Lithium Production with €1.45bn Financing
8:48am on Friday 31st of January, 2025 AEDT
Key Points
Raised €164m via fully underwritten institutional placement and €8m through Share Purchase Plan
Conditional debt commitment of €879m secured from Export Finance Australia and seven banks
European Investment Bank board approved up to €500m participation pending final approvals
Started lithium hydroxide production at downstream optimisation plant in Frankfurt
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