Vulcan Raises $2.5 Billion to Fund Lithium Project in Germany

Vulcan Energy Resources Ltd. secured a A$3.9 billion ($2.5 billion) financing package for a lithium project in Germany that will use geothermal power.

Construction of the Lionheart Project in the Upper Rhine Valley will start in the coming days, Vulcan Chief Executive Officer Cris Moreno said in an interview. The aim is to provide cheap lithium and renewable energy, and it will be Europe’s largest resource of the battery metal, he said.