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     350  0 Kommentare Vulcan: Energy deal signed; demo plant in construction - BUY

    Vulcan continues to deliver positive news flow regarding its lithium operations and future offtake agreements.

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    Vulcan continues to deliver positive news flow regarding its lithium operations and future offtake agreements. Recently, Vulcan signed an energy supply deal with MVV for the supply of renewable heat to households in Mannheim with a duration of 20 years, beginning in 2025. Further, Vulcan issued a project update for its demonstration plant, being on track for commissioning the plant this year. The positive news flow and the favorable environment together with the high demand for energy and lithium support the investment case. We confirm our PT with AUD 20.00, equivalent to EUR 13.64. We reiterate to BUY.

     

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    Vulcan: Energy deal signed; demo plant in construction - BUY Vulcan continues to deliver positive news flow regarding its lithium operations and future offtake agreements. Recently, Vulcan signed an energy supply deal with MVV for the supply of renewable heat to households in Mannheim with a duration of 20 years, beginning in 2025. Further, Vulcan issued a project update for its demonstration plant, being on track for commissioning the plant this year.