{"id":608553,"date":"2025-12-03T01:34:13","date_gmt":"2025-12-03T01:34:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/608553\/"},"modified":"2025-12-03T01:34:13","modified_gmt":"2025-12-03T01:34:13","slug":"vulcan-energy-bags-2-6b-financing-package-for-germany-lithium-project","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/608553\/","title":{"rendered":"Vulcan Energy bags $2.6B financing package for Germany lithium project"},"content":{"rendered":"<p>Australia-listed Vulcan Energy Resources said on Wednesday that it had secured a financing package of 2.2 billion euros ($2.56 billion) to fully fund the first phase of its Lionheart lithium and renewable energy project in Germany.<\/p>\n<p>The financing package, backed by stakeholders including European and German government agencies and commercial banks, has enabled the Vulcan board to take a final investment decision on the project, with execution to commence in the coming days, the company said.<\/p>\n<p>Start-up Vulcan will raise up to 603 million euros in equity at a fixed price of 2.24 euros per new share as part of the financing package.<\/p>\n<p>The equity raising will include a placement worth 137 million euros, a 261-million-euros fully underwritten 1 for 1.128 accelerated non-renounceable into entitlement offer, and a 130 million euros 1 for 1.128 non-accelerated retail offer.<\/p>\n<p>The lithium explorer in July received 104 million euros in <a href=\"https:\/\/www.mining.com\/web\/vulcan-energy-gets-104m-euros-in-german-grants-for-clean-lithium-production\/\" target=\"_blank\" rel=\"noopener\">German government grants<\/a> to produce clean lithium, as Berlin aims to boost electric vehicle output and reduce reliance on raw material imports.<\/p>\n<p>($1 = 0.8604 euros)<\/p>\n<p>(By Sherin Sunny; Editing by Krishna Chandra Eluri)<\/p>\n","protected":false},"excerpt":{"rendered":"Australia-listed Vulcan Energy Resources said on Wednesday that it had secured a financing package of 2.2 billion euros&hellip;\n","protected":false},"author":2,"featured_media":608554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[2000,299,1824],"class_list":{"0":"post-608553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-eu","9":"tag-europe","10":"tag-germany"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115653067590326638","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/608553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=608553"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/608553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/608554"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=608553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=608553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=608553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}