Vulcan Advances in Debt Financing for Zero Carbon Lithium Project

Vulcan Energy Resources Limited (Vulcan) has taken a significant step in implementing debt financing for Phase One of its Zero Carbon Lithium™ Project. The progress includes collaboration with the European Investment Bank and several Export Credit Agencies, alongside major structuring banks like ABN AMRO and UniCredit.

The company aims to expand its lender pool to include additional commercial banks, with BNP Paribas as its advisor. This expansion is expected to conclude Vulcan's debt raising efforts, with credit approvals and debt commitment letters anticipated by year's end. Signing of finance documentation is targeted for Q1 2025.

This financing phase highlights the strategic importance of Vulcan's integrated lithium and renewable energy project, crucial for Europe's raw materials supply chain and energy transition. The project's focus is on providing sustainable lithium and renewable energy, positioning Vulcan as a key player in Europe's green energy market.