Vulcan Energy Advances Lionheart Geothermal-Lithium Project

Vulcan Energy Resources, through its subsidiary Vercana, has initiated drilling for the first well of its Phase One Lionheart Project near Landau, Germany. This marks the beginning of sub-surface work execution for the project.

The Lionheart Project aims to enhance renewable energy and sustainable lithium production. Vulcan operates four wells currently, with plans to add 24 more, integrating geothermal energy with lithium extraction from hot brine. The completion of financing will further advance project execution, including pipeline and lithium plant development.

The project targets an annual production of 24,000 tonnes of lithium hydroxide monohydrate for electric vehicle batteries, while producing renewable heating and power from the Upper Rhine Valley Brine Field.