August 2, 2021 Vulcan Energy

Vulcan Resources is developing what is says is a high-potential lithium deposit in Germany, which the company expects will be able to supply the surging European market for battery technologies.

One key advantage of Vulcan’s lithium project is its proximity to a useable source of geothermal energy, that the company plans to tap to power its operations, allowing it to produce marketable lithium with zero associated greenhouse gas emissions.

Securing the binding offtake agreement with Renault, which will see the French automotive firm purchase between 6,000 and 17,000 metric tonnes per year of battery-grade lithium materials. The deal will last for an initial term of five years, with an option for extension.