📋 What does Vulcan Energy do?
Vulcan (FWB: 6KO, ASX: VUL) is aiming to become the world’s first Zero Carbon Lithium® producer. VUL has developed the world’s first and only zero-carbon lithium process and plans to produce battery-grade lithium hydroxide from geothermal brines pumped from wells with a renewable geothermal energy by-product. VUL’s resource is large enough to satisfy Europe’s lithium needs for many years to come, and ensure the transition to electric vehicles is done with minimal environmental footprint.
🌏 Macro Themes
EU shift to Electric Vehicles and enforced ethical, low carbon, local sourcing of battery metals. and in battery materials production in Europe and North America. Strong interest emerging in the EV/battery/battery raw materials sector from individual and institutional investors, and particularly ESG funds.
Vulcan Energy ASX Company Milestones
✅ Wise-Owl Portfolio Initiation
✅ $4.8M Capital Raise @40c
✅ EU Backed Investment (EIT InnoEnergy)
✅ Key Board Appointment (Vincent Ledoux-Pedailles)
✅ Key Board Appointment (Former Tesla Director Jochen Rudat)
✅ $120M Capital Raise @$6.5
🌎 Volkswagen’s Power Day (1) (2)
✅ Key Board Appointment (Annie Liu)
🌎 EU Carbon Tariffs
✅ Proposed listing on main German Stock Exchange
✅ $220M Capital Raise @ $13.50 ($200M Insto, $20M SPP)
✅ Entry to S&P/ASX300 Index
🔲 Commence Trading on Main German Stock Exchange
🔲 More brine/land acquired 1
🔲 More brine/land acquired 2
🔲 More experts hired/acquired
🔲 Acquisition of existing project 1
🔲 Acquisition of existing project 2
Zero Carbon Lithium Project Milestones
✅ Acquisition of disruptive EU focussed Zero Carbon Lithium Project
✅ Commencement of Scoping Study
✅ Reports Lithium Grades above expectation
✅ Maiden Indicated Resource Reported
✅ Positive Scoping Study
✅ Test Work Shows Excellent Lithium Recoveries
✅ Taro Licence Granted
✅ Positive Pre-Feasibility Study
✅ Collaboration with DuPont
✅ CO2 Traceability Agreement
✅ Bankable feasibility advisor appointed – BNP Paribas
🔲 Ramp up of DLE pilot plant
✅ Offtake Agreement 1: EV battery Maker LG
✅ Offtake Agreement 2: Renault
🔲 Offtake Agreement 3
✅ First Production of Battery Grade Lithium
✅ [NEW] Lithium Production Plant Secured
🔄 Definitive Feasibility Study
🔲 Bankable Feasibility Study Complete
🔲 Project Financing Secured
Investment Milestones for VUL
✅ Initial Investment: @ 20c
✅ Top Slice
✅ Free Carry
✅ Increase Investment: @ 40c
✅ Free Carry
✅ Increase Investment: @ $6.50
✅ Free Carry
✅ Take Profit
✅ Price increases 500% from initial entry
✅ Price increases 1000% from initial entry
✅ Price increases 2000% from initial entry
✅ 12 Month Capital Gain Discount
🔲 Hold remaining Position for next 2+ years

”Expected Company Milestones” are based on the company’s publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

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