Vulcan Energy Resources Limited

06/03/2025 | Press release | Distributed by Public on 06/03/2025 07:21

Commencement of V-Li0N™ qualification process with offtake partners

International 03. Jun 2025

Commencement of V-Li0N™ qualification process with offtake partners

Vulcan Energy (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to provide an update on its Phase One Lionheart Project (the Project), providing integrated lithium and renewable energy production for the battery electric vehicle (EV) industry in Europe.

  • Following discussions with offtake partners, and working with industry experts, the Company has finalised a qualification strategy to pre-qualify its material prior to entering full commercial production, as a means of fast-tracking the start of sales of qualified, battery-quality lithium hydroxide monohydrate (LHM) material. This involved the production and dispatch of battery-quality LHM material, branded V-Li0N™, to offtake partners, from Vulcan's qualification plant, prior to the full commercial plant completion and start of production
  • Previous internal and external lab analysis indicates that the Company's product is well within battery-quality specification. Further updates will be provided as qualification progresses through the various stages
  • Vulcan commenced production at its qualification plant, designated CLEOP, on 8 November 2024, and achieved first battery-quality V-Li0N™ on 13 January 2025
  • This V-Li0N™ product represents Europe's first fully domestically produced battery-quality lithium hydroxide, from raw material to final product, an important milestone in securing Europe's critical raw material supply chain resilience
  • The V-Li0N™ product was also produced using sustainable methods, including A-DLE for extraction and fully electrified production of LHM using electrolysis. It was sourced from deep, heated brines, with a co-product of geothermal renewable energy production for local communities.

Managing Director and CEO, Cris Moreno, commented: "The finalisation of our product qualification strategy is an important step in our aim to produce Europe's first fully domestically produced battery-quality LHM. Our discussions with offtake partners and industry experts continue to be constructive and the process towards full product qualification is progressing well. The qualification process represents a key moment in securing Europe's critical raw material supply chain resilience."

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