US EditionHigh Voltage: Gina Rinehart's Vulcan Scores $3.9bn Funding Package to Build EU's First Lithium Project
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High Voltage: Gina Rinehart's Vulcan scores $3.9bn funding package to build EU's first lithium project
Vulcan scores $3.9 billion financing package for German lithium project Company aiming to commence phase one construction asap Project already has first 10 years of production offtake secured Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. In big lithium news this week Vulcan Energy Resources (ASX:VUL) has secured a $3.9 billion financing package – yes…
Hochtief to deliver Europe’s biggest lithium scheme - Global Construction Review
Germany’s Hochtief and its fellow ACS subsidiary Sedgman, a mineral processing company, will be the engineering, procurement and construction management contractor for the €2bn “Lionheart” lithium extraction scheme in Germany. Developed by Vulcan Energy, Lionheart will extract lithium chloride from mineral-rich geothermal brine buried in large deposits under Germany’s Upper Rhine Valley, and convert it to lithium hydroxide monohydrate for use i…
Vulcan Energy has announced the completion of financing for the first phase of its Lionheart project, which aims to extract lithium and simultaneously generate renewable energy in the Upper Rhine Graben. With the capital now secured, the project can transition from development to implementation, a step of particular importance for the European raw materials strategy. The total investment amounts to €2.2 billion and comprises government contribut…
Construction and Services Activities (ACS), the construction company of Florentino Pérez, has been awarded a new mega-contract of 734 million euros in Germany to get into the largest lithium project in Europe. It has been its subsidiaries Sedgman and Hochtief chosen to develop the production and processing plant. Read more: Investors on alert: Repsol, ACS and Acerinox accelerate the Spanish landing on Wall Street The Spanish group will be respon…
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