Vulcan Energy secures lithium extraction plant permit for Lionheart site
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The news: Vulcan Energy has secured a permit to build the upstream lithium extraction plant (LEP) for its phase one Lionheart project in Germany, marking the company's final major construction permit for the site.
The numbers: Once up and running, Lionheart is expected to have capacity to produce 275 gigawatt hours of power, 560 gigawatt hours of heat and 24,000 tonnes of lithium hydroxide — enough for 500,000 electric vehicles per year.
The context: The LEP permit forms part of Vulcan's phase one financing requirements, which is targeted for finalisation during Q4 2025.
What they said: "Securing this permit means we are one step closer to producing battery-quality lithium products from the same geothermal brine that is used to produce renewable energy for local use," said Vulcan's managing director and CEO Cris Moreno.
"We are establishing a sustainable, domestic and cost-effective source of lithium for the European battery and automotive industries, supporting the EU's goal of reducing critical raw material dependencies."
The source: ASX
