Vulcan Energy Resources will proceed with its lithium and renewable energy project in Germany after securing a finance package to fund the initial phase of development.
The company said Wednesday that it has secured a 2.2 billion-euro ($2.56 billion) package from government agencies and banks for the construction of phase 1 of the Lionheart project in the Upper Rhine Valley.
The project seeks to produce sustainable lithium for the European battery industry. Construction is due to start in the coming days, it said.
Read more in The Wall Street Journal here.
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