Vulcan Energy Announces Executive Pay Changes Amid Project Expansion

Vulcan Energy Resources Limited has approved adjustments to executive remuneration for its CEO and CFO. Effective January 1, 2026, these changes align with the company's progression into the construction phase of its Phase One Lionheart Project, located in Germany's Upper Rhine Valley. This project aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually, powering approximately 500,000 electric vehicle batteries. It also includes a renewable energy co-product aspect.

The company cites increased project complexity and international operations as reasons for the pay adjustments. CEO Cris Moreno's fixed compensation will rise to $804,000, with additional roles as Chair for key German subsidiaries. CFO Felicity Gooding will have her fixed compensation increased to $670,000 and takes on the role of Joint Managing Director. Both executives will see an increase in their short-term incentive opportunities from 25% to 50%.