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  • Vulcan Energy Shares Surge 8% After EUR2.2 Billion Financing Close for Lionheart Project
    May 27, 2026, 9:20 PM EDT. Shares of Vulcan Energy Resources Ltd (ASX: VUL), a lithium developer on the ASX 200, jumped 8% to A$3.84 following financial close on its EUR2.2 billion (A$3.9 billion) Lionheart Project financing. The Lionheart Project, located in the Upper Rhine Valley Brine Field between Germany and France, aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, enough for 500,000 electric vehicle batteries, alongside renewable power and heat for local use. The financing package supports construction through project, subsidiary, and company level arrangements. Vulcan's executive director Felicity Gooding called this a "significant milestone," noting continued backing from European governments, commercial banks, and industrial partners. The move highlights Vulcan's progress toward delivering a large-scale integrated lithium-renewable energy operation in Europe.