Vulcan and BASF have signed a memorandum of understanding, in the presence of Daniela Schmitt, Minister of Economic Affairs, Transport, Agriculture, and Viniculture for Rhineland-Palatinate, to explore the use of geothermal energy at BASF’s Ludwigshafen site as part of a strategic partnership. The partners aim to jointly evaluate opportunities for harnessing natural heat from deep geothermal sources to supply BASF’s largest site with renewable energy capable of meeting base load power requirements in the future. Surrounding urban centres, including Frankenthal and Ludwigshafen, could also benefit from sustainable heat and are participating in the necessary seismic surveys as a first step. To optimise synergies from the project, Vulcan also plans to build a lithium extraction plant for the production of green lithium. The geology of the Upper Rhine Graben gives the Rhine Valley region significant geothermal potential. If the exploratory work is successful, heat pumps could be used to harness geothermal energy to generate CO₂-free steam. With a potential output of 300 megawatts of thermal energy, around 4 million metric tons of steam could be produced annually at BASF’s Ludwigshafen site without fossil fuels. This would avoid approximately 800,000 metric tons of CO₂ emissions, significantly reducing greenhouse gas emissions at BASF’s main site. In addition to renewable heat, Vulcan plans to produce sustainable lithium for the German and European battery and automotive industries. The geothermally heated water in the Upper Rhine Graben has a high lithium concentration, ideal for producing lithium-ion batteries used in applications such as smartphones, laptops, and electric cars. BASF would first use the hot thermal water to generate steam, after which Vulcan would extract lithium using an efficient adsorption-type direct lithium extraction (A-DLE) process. Both partners are examining the possibility of building a lithium extraction plant at BASF’s site. Beyond industrial applications, deep geothermal energy offers the potential for district heating. This energy could play a key role in transitioning to sustainable municipal heating. Vulcan and BASF are collaborating with regional energy suppliers – Technische Werke Ludwigshafen and Stadtwerke Frankenthal – to evaluate whether the geothermal energy from the project can supply low-emission heating to households in these urban areas. “We want to supply our Ludwigshafen site with CO₂-free steam in the future. In addition to harnessing waste heat from our production facilities, we aim to integrate renewable heat sources from geothermal structures,” said Uwe Liebelt, President of European Verbund Sites, BASF SE. “Vulcan brings the technological expertise to plan and implement such a complex project. Deep geothermal energy offers immense potential for our energy transformation and sets an example of how close collaboration between politicians, energy suppliers, and the industrial sector can drive the energy transition in the Rhine-Neckar Metropolitan Region for the benefit of all.” “It’s encouraging to see the private sector develop innovative technologies to transform our economy and enhance international competitiveness. By leveraging domestic energy resources, we can reduce dependency on imports and stabilize energy prices,” said Daniela Schmitt, Rhineland-Palatinate Minister for Economic Affairs. “I strongly support the collaboration between BASF and Vulcan, as well as the involvement of local municipalities. Our goal is to position Germany and Rhineland-Palatinate as competitive industrial locations with sustainable energy solutions. I will continue advocating for an ‘Industrial Deal’ at the federal and EU levels.” She added that early 2025 will see further action in Brussels, informed by collaborative projects such as this one. “This project represents a major contribution to reducing CO₂ emissions from the region’s industrial sector. Supplying renewable heat to Upper Rhine Valley companies is central to our development strategy. Models like this partnership with BASF enable us to harness geothermal energy while producing carbon-neutral lithium, benefiting regional populations with reliable heating and economic advantages,” said Thorsten Weimann, Chief Development Officer at Vulcan Energie Ressourcen GmbH. “BASF’s role as a leading global chemical company is crucial for the region, and we’re excited to support its carbon-neutral energy goals for Ludwigshafen. This partnership demonstrates that combining geothermal energy with lithium production is both environmentally and economically beneficial, delivering value for businesses and the local community,” said Cris Moreno, Managing Director and CEO of Vulcan Energy Resources. The next step involves conducting seismic surveys to explore geothermal conditions in the Upper Rhine Graben. Vulcan will lead the exploration and technical development. Initial exploratory work is expected to begin in early 2025.   About Vulcan Energy Vulcan Energy (ASX: VUL, FSE: VUL) is building the world’s first carbon-neutral, integrated lithium and renewable energy business to decarbonize battery production. Located in the Upper Rhine Valley on the border between Germany and France, Vulcan’s Lionheart project is the largest lithium and geothermal energy resource in Europe and a global tier-one lithium project globally. The company uses naturally occurring geothermal heat to extract lithium from underground geothermal brine and then convert it into battery-grade material. With its leading, proprietary VULSORB® technology, Vulcan is establishing a local, cost-effective, and sustainable source of lithium for European electric vehicle batteries. To find out more, please visit https://v-er.eu/. About BASF At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,0000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF generated global sales of around €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. More information can be found at www.basf.com   Media Annabel Roedhammer | Vice President Communications | aroedhammer@v-er.eu | +49 1511 410 1585 Judith Buchan | Communications Lead – APAC | jbuchan@v-er.eu | +61 411 597 326

Vulcan Energy has officially opened its downstream Central Lithium Electrolysis Optimisation Plant (CLEOP) in a ceremony held on site today at Industrial Park Höchst Frankfurt, Germany. The opening of the downstream plant follows today’s announcement that the plant is now producing lithium hydroxide from the processing of high purity lithium chloride concentrate extracted from brines at the Company’s upstream optimisation plant in nearby Landau. Several local, national and international guests from politics and industry attended the opening, including Deputy Prime Minister of Hessen, Kaweh Mansoori, and Australian Ambassador to Germany, Natasha Smith, highlighting the significance of the occasion to Germany, greater Europe and Australia. Managing Director and CEO of Vulcan Energy, Cris Moreno commented: “Today marks a significant step forward in Vulcan’s aim to establish a domestic supply chain that provides the European automotive industry with green lithium for the production of electric vehicle (EV) batteries. “This is a world-class facility which is already producing the first sustainable lithium hydroxide from raw material to end product, which is important for Europe’s independence from raw materials and for the transition to zero emission mobility. “Our partners, customers, investors and employees have all joined together today in celebrating a momentous occasion and, as a company, we’re looking forward to many milestones still to come.” Ambassador Smith said, “Vulcan’s CLEOP is an example of Australia and Germany working together to find innovative solutions toward a sustainable future and I’m proud to be here to help celebrate the opening of the plant.” Deputy Prime Minister of Hessen, Kaweh Mansoori, officially opened the plant alongside Vulcan’s two founders, Dr Francis Wedin and Dr Horst Kreuter, MD & CEO Cris Moreno and the Lord Mayor of Hessen Mike Josef. Although unable to attend on the day,  the Prime Minister of Hessen, Boris Rhein stated: “Whether it’s a smartphone or an electric car – nothing works without lithium.” “Germany and Europe must reduce their dependence on Chinese lithium sources and ensure a secure supply of battery raw materials. Vulcan’s optimisation plant will make a decisive contribution to this. It is an outstanding innovation for true sustainability. It makes us more independent from global supply chains and is a strong signal for the future viability of our economy. “ CLEOP will be used to optimise operating processes, carry out product quality tests and train Vulcan’s operating personnel in preparation for the start of commercial production. During Phase One Project Lionheart, Vulcan will produce around 24,000 tonnes of sustainable lithium annually, which is enough to produce around 500,000 EVs. The Company’s Phase One upstream and downstream plants will exclude fossil fuels in both the extraction and processing of lithium, meaning the process has the lowest carbon footprint of any lithium production globally. The operations have been assigned Dark Green by S&P Global Ratings, the highest ever received by a Metals and Mining company globally. S&P Global Ratings’ methodology includes six shades, with a Dark Green rating awarded to activities that correspond to the long-term vision of a low-carbon climate-resilient future.   Media Annabel Roedhammer | Vice President Communications | aroedhammer@v-er.eu | +49 1511 410 1585 Judith Buchan | Communications Lead – APAC | jbuchan@v-er.eu | +61 411 597 326    

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) has been assessed by leading independent ratings agency, S&P Global Ratings, and awarded a Dark Green rating overall, the highest ever received by a Metals and Mining company globally. Vulcan was also awarded a Dark Green rating across the Green Enabling Project and Renewable Energy categories. This has been completed as part of its Green Financing Framework (Framework) with the bank Natixis CIB, as ESG Co-ordinator, highlighting the Company’s sustainability credentials to international lenders as part of its Phase One Project financing. An S&P Global Second Party Opinion (SPO) assesses whether the Framework aligns with third-party published sustainable finance principles, including the International Capital Market Association (ICMA) Green Bond Principles and Green Enabling Projects Guidance, and the Loan Market Association (LMA) Green Loan Principles. S&P Global Ratings’ Shades of Green methodology includes six shades which can be designated to activities, with a Dark Green rating awarded to activities that correspond to the long-term vision of the low-carbon climate resilient future. Vulcan’s integrated ZERO CARBON LITHIUM™ Project (the Project) consists of co-producing renewable energy and battery-grade lithium through lower-impact production and processing methods when compared to legacy methods. The Company applies Adsorption-type Direct Lithium Extraction (A-DLE), through its proprietary inhouse sorbent, VULSORB®, to efficiently produce lithium from brines. Vulcan’s Phase One Project will produce 24,000 tonnes per annum of battery grade lithium hydroxide, sufficient to supply around half a million electric vehicles (EVs) per annum, as well as renewable energy of up to 275 GWh power p.a. and up to 560 GWh heat p.a. The Company recently issued an updated debt package, including detailed due diligence reports, to its structuring group, consisting of the European Investment Bank, export credit agencies from France, Canada, Australia and Italy, and structuring banks ABN AMRO, ING, Natixis CIB and UniCredit. The current stage of the financing of Phase One involves widening the lending pool to other commercial banks, with the Framework seen by Vulcan as a key endorsement of the Project’s importance in the European energy transition. Group Chief Financial Officer, Felicity Gooding, commented: “A world-first Dark Green global rating by S&P for a resources company has reaffirmed Vulcan’s sustainability credentials, coming at an important time in Phase One Project financing. “In awarding Vulcan a Dark Green rating – across multiple categories – S&P Global has cemented our sustainability credentials and expectation that the Project will have a substantial positive environmental impact. Vulcan is rightfully regarded as a global leader in the green energy transition, and this development validates the integrity and transparency of our operations.”   Media Annabel Roedhammer | Vice President Communications | aroedhammer@v-er.eu | +49 1511 410 1585 Judith Buchan | Communications Lead – APAC | jbuchan@v-er.eu | +61 411 597 326      

Karlsruhe, 15 October 2024. Vulcan Energy Resources (Vulcan) and AVEVA, a global leader in industrial software, have signed a Memorandum of Understanding (MoU) to establish a digital backbone for Vulcan’s Phase One integrated renewable energy and ZERO CARBON LITHIUM™ Project. This partnership highlights both companies’ commitment to sustainability and digital transformation across industrial asset lifecycles. AVEVA is a global leader in industrial software enabling its clients to harness the power of information, improving collaboration with customers, suppliers, and partners. Through this collaboration, Vulcan will leverage AVEVA’s expertise to future-proof its information systems architecture, facilitating seamless project execution, engineering integration, and operational excellence. Key Highlights of the Partnership: Future-proof information systems architecture: The collaboration will focus on building an advanced digital information landscape that supports data-driven decision-making across Vulcan’s operations. Enhanced collaboration via AVEVA CONNECT: Vulcan will leverage AVEVA’s digital intelligence platform, CONNECT, to promote digital agility and significantly enhance collaboration across its project operations and assets. The suite of software solutions will include AVEVA’s Contract Risk Management (CRM), Asset Information Management (AIM), digital twin technology, and Assai’s Document Control and Management system. These tools will enable secure data sharing between multiple stakeholders, including contractors. Cris Moreno, Managing Director and CEO of Vulcan, commented on the partnership, stating: “This MoU marks the beginning of a promising long-term collaboration between Vulcan and AVEVA. We are delighted to have AVEVA as a key partner in delivering world-leading digital solutions for Phase One of our integrated renewable energy and ZERO CARBON LITHIUM™ Project and beyond.” Caspar Herzberg, CEO of AVEVA, echoed this sentiment: “This collaboration supports our commitment to driving digital transformation and sustainability throughout the lifecycle of industrial assets. By partnering with Vulcan, we can harness the full power of AVEVA CONNECT to facilitate collaboration and accelerate the digitalisation of their ground-breaking lithium technology.” About AVEVA AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. The company’s secure industrial cloud platform and applications enable businesses to harness the power of their information and improve collaboration with customers, suppliers, and partners. Over 20,000 enterprises in over 100 countries rely on AVEVA to help them deliver life’s essentials: safe and reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA enables teams to engineer efficiently and optimise operations, driving growth and sustainability. Named as one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of more than 6,400 employees, 5,000 partners and 5,700 certified developers. The company, which has operations around the globe, is headquartered in Cambridge, UK. Learn more at www.aveva.com. Copyright © 2023 AVEVA Solutions Limited. All rights reserved. AVEVA Solutions Limited is owned by AVEVA Group. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group or its subsidiaries in the United Kingdom and other countries. Other brands and product- names are the trademarks of their respective companies. Media Relations International: Annabel Roedhammer, Vice President Communications | aroedhammer@v-er.eu | +49 (0) 1511 410 1585 Australia: Judith Buchan, Communications Lead APAC | jbuchan@v-er.eu | +61 411 597 326

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce the start of commissioning at the Company’s 100%-owned lithium hydroxide optimisation plant, designated CLEOP. This represents a key milestone as the Company progresses towards delivery of Europe’s first battery-grade lithium hydroxide product sourced from a European lithium resource. Highlights Vulcan’s downstream CLEOP facility is located just outside of Frankfurt, in the Höchst Chemical Park, where Vulcan will also construct its commercial Central Lithium Plant (CLP) The main building and utility systems have been completed to allow first energisations to take place. Power has been fed to the plant for the first time through the main switchboard, a critical step for the electrolysis plant Start of production of first lithium hydroxide and first production of battery-grade lithium hydroxide monohydrate (LHM) will be the forthcoming milestones Once in operation, CLEOP will convert Lithium Chloride (LiCl) from the Company’s upstream Lithium Extraction Optimisation Plant (LEOP) to battery grade LHM. This will represent the first fully domestically produced LHM, from raw materials to final product, in Europe LEOP and CLEOP will serve as important process optimisation and training facilities, in preparation for the Company’s commercial operations. Managing Director and CEO Cris Moreno stated: “The start of commissioning of Vulcan’s downstream lithium optimisation facility is a significant milestone for Europe’s critical raw material independence, and for its electric vehicle supply chain independence.” “In the coming months, Vulcan will begin to transport the first LiCl parcels from our upstream facility through to CLEOP for production of the first battery-grade lithium hydroxide products in Europe, all from a European lithium resource.” “We look forward to welcoming senior German and EU government ministers and dignitaries to an official opening of this important facility for the German and European battery industry.” CLEOP – Vulcan’s downstream lithium optimisation plant CLEOP is the Company’s pre-commercial downstream optimisation plant. At CLEOP, LiCl solution produced from Vulcan’s 100%-owned upstream operations will be converted to battery specification LHM. Vulcan will use the CLEOP facility to train personnel and optimise processes in a pre-commercial setting ahead of construction of the commercial CLP. The Company also expects LHM production from CLEOP will allow for significant progress in LHM product qualification required by offtake partners, reducing the potential for delay and fast-tracking product to market once commercial production has commenced.   Media Relations International: Annabel Roedhammer, Vice President Communications | aroedhammer@v-er.eu | +49 (0) 1511 410 1585 Australia: Judith Buchan, Communications Lead APAC | jbuchan@v-er.eu | +61 411 597 326   Investor Relations Kurt Walker | Head of Investor Relations | kwalker@v-er.eu | +61 8 6331 6156

Vulcan Energy Resources Limited (ASX: VUL) has appointed leading global financial institution, Natixis CIB, as its ESG Coordinator, with an aim to secure the first ever green financing with green enabling features. Vulcan is a fully integrated renewable energy and lithium company, with access to the largest lithium resource in Europe, and is on track to becoming the first fully domestic sustainable lithium producer in Europe. Its Zero Carbon Lithium™ Project (the Project) aims to produce both renewable geothermal energy, and lithium hydroxide for Electric Vehicles (EV) batteries, from the same deep brine source in Germany’s Upper Rhine Valley. Vulcan aims to produce 24,000 tonnes of lithium hydroxide monohydrate per annum that could equip 500,000 EVs. The company has binding lithium offtake agreements with some of the largest cathode, battery, and automakers in the world, including Stellantis, Renault, Umicore and LG Energy Solution. The Project is expected to have a substantial positive environmental impact as Vulcan will use zero fossil fuels in its lithium hydroxide production process. The financing is structured to be labelled as green, in line with the Loan Market Association’s Green Loan Principles and the International Capital Market Association (ICMA) Green Enabling Projects Guidance. Commenting on the announcement, Vulcan Energy’s Group Chief Financial Officer, Felicity Gooding, said: “Working towards this green financing structure from Natixis CIB further supports Vulcan’s credentials as a leading participant in the green energy market. ‘’There is strong investor and lender appetite for green label finance, and our arrangement with Natixis CIB will allow us to better communicate our environmental sustainability objectives, including management of any material risks associated with the Project and assist with reporting requirements, as per the Green Loan Principles. “We look forward to fully implementing our green financing partnership with Natixis CIB, to the benefit of our growing investor base both here in Australia and in Europe.” Natixis CIB Global Head of Green & Sustainable Hub, Orith Azoulay, said: “Natixis CIB is pleased to accompany Vulcan Energy in the structuring of the first Green Financing aligned with ICMA’s Green Enabling Guidance. “We consider Vulcan energy as an ideal green enabling candidate as its activities are necessary components of net zero scenarios with clear and attributable environmental and social benefits and mitigated adverse social and environmental impacts.” The appointment of Natixis CIB as ESG Coordinator follows Vulcan Energy’s recent development in securing new licences in the Alsace region of France. The licences encompass several large industrial areas with factories and chemical parks requiring renewable energy and sustainable heating solutions.   Investor Relations: IR@v-er.eu   Media Australia: Judith Buchan, Communications Lead APAC | jbuchan@v-er.eu | +61 411 597 326 International: Annabel Roedhammer, Vice President Communications | aroedhammer@v-er.eu | +49 (0) 1511 410 1585

Vulcan Energy Resources Limited (Vulcan) is pleased to announce the grant of its first lithium and geothermal energy licences in the Alsace region of France. The licences authorise Vulcan to explore lithium to support Europe’s Electric Vehicle (EV) transition and for geothermal energy for the decarbonisation of industry and local community heating. The licences are located in the Mulhouse, Alsace region on the French side of the Upper Rhine Valley Brine Field (URVBF), which accounts for roughly one third of the Upper Rhine Graben, containing both geothermal energy and lithium-rich brine. This licence area of 463km2 expands Vulcan’s licence area from 1,771km2 to 2,234km2 in the URVBF between Germany and France. The licences encompass several large industrial areas with factories and chemical parks in Mulhouse requiring renewable energy and sustainable heating solutions. This includes a factory owned by Stellantis, Vulcan’s largest customer and major shareholder. In May 2023, Vulcan and Stellantis agreed to a joint project in France for the potential use of geothermal renewable energy to decarbonise and localise the energy supply for Stellantis’ European operations. The grant of the licences is timely, as Vulcan’s integrated renewable energy and ZERO CARBON LITHIUM™ Project is strongly aligned with the goals of the newly established “French Mineral Resources Investment Plan”. This initiative aims to analyse France’s critical raw material resources and provide investment recommendations, supported by the recently announced 2 billion euro “French Critical Raw Materials Fund”. Vulcan is already in discussions with potential investment partners surrounding participation in Vulcan’s French licences. Vulcan’s Managing Director and CEO, Cris Moreno stated: “This extension to our licence area is a natural next step for Vulcan as we apply our world-leading expertise and technology to produce lithium sustainably in France. Vulcan aims to be Europe’s first sustainable lithium supplier for Europe’s EV transition. In addition, Vulcan intends to co-produce geothermal renewable energy to decarbonise industries and provide heat for local communities in Mulhouse. These licence grants are timely, as we respond to significant customer demand driven by the initiated European battery passport policy and commitments for a full EV transition by 2035 across Europe. We look forward to supporting our French customers and working with local communities and companies to decarbonise their energy mix.”   Media Relations International: Annabel Roedhammer, Vice President Communications | aroedhammer@v-er.eu | +49 (0) 1511 410 1585 Australia: Judith Buchan, Communications Lead APAC | jbuchan@v-er.eu | +61 411 597 326   Investor Relations Kurt Walker | Head of Investor Relations | kwalker@v-er.eu | +61 8 6331 6156  

Karlsruhe, 1 July 2024. As an integrated geothermal energy and lithium producer operating in Germany, Vulcan strongly supports the draft Geothermal Acceleration Law which intends to strengthen the role of geothermal energy as a vital part of Germany’s renewable energy mix of the future. The German Federal Ministry for Economic Affairs and Climate Action has taken a significant step towards advancing geothermal renewable energy projects in Germany with the publication of a draft law for geothermal acceleration. The Geothermal Acceleration Law aims to benefit geothermal operators, federal states, and local authorities by removing obstacles to the development of geothermal energy, supporting Germany’s goal of generating 10 TWh of geothermal energy by 2030. Vulcan is significantly contributing to Germany’s renewable energy transition through its commercial geothermal energy production in the Rhineland-Palatinate region. Vulcan’s existing geothermal renewable energy plant in Insheim, with over 10 years of successful operation, currently supplies renewable power to approximately 6,500 households. Phase One of Vulcan’s integrated renewable energy and ZERO CARBON LITHIUM™ Project centres on initiating the first commercial phase of lithium production from its proven brine-producing area. Concurrently, Vulcan plans to substantially increase geothermal heat production, providing this renewable energy source to local communities through the district heating system as well as decarbonising industry. Vulcan’s Managing Director and CEO, Cris Moreno, stated: “The draft law for Geothermal Acceleration is a powerful commitment to expanding Germany’s geothermal energy capacity. Our integrated renewable energy and ZERO CARBON LITHIUM™ Project will deliver geothermal heat production for more than 1 million people by 2030, supporting local communities in their endeavors to meet climate protection and regional heat planning targets. We believe geothermal heat and power is not only a cornerstone of Germany’s renewable energy future, but also a critical component in achieving energy security, reducing carbon emissions and fostering sustainable economic growth.” Legislation Highlights  The Draft Geothermal Acceleration Law has been sent to federal states and associations for consultation and seeks to simplify approval procedures for both deep and near-surface geothermal energy projects. In addition, this forward-looking legislation aims to expand and accelerate Germany’s geothermal energy capacity, reflecting a strong commitment to sustainable, green energy solutions. Key aspects of the law include: Support for Regional Heat Planning: Emphasising strong public interest and strengthening acceptance among local communities. Facilitation of Geothermal Projects: Streamlining and expediting the implementation of geothermal projects, simplifying the authorisation and approval processes to reduce the current lengthy and bureaucratic procedures. Alignment with EU Strategy: Aligning with the EU Parliament’s resolution for a comprehensive geothermal energy strategy to accelerate the deployment and investment in geothermal energy. Geothermal Potential: Highlighting that geothermal energy can supply around a quarter of Germany’s heat requirement, establishing geothermal energy as the third pillar of carbon neutral energy generation. Next steps: The draft Geothermal Acceleration Law, is anticipated to be passed by the federal cabinet in August.   Media inquiries: Annabel Roedhammer Vice President Communications aroedhammer@v-er.eu +49 (0) 1511 410 1585

Karlsruhe, 10 June 2024. The Landau City Council voted in favour of the land development plan for “D12” at its last meeting on Tuesday 4th June before the local elections held on the weekend. The approval was granted by a strong majority, clearly demonstrating support from the City Council towards Vulcan’s integrated renewable energy and ZERO CARBON LITHIUM™ Project (the Project). The zoning stipulated in the “D12” development plan for the “Am Messegelände Südost” industrial estate, forms the basis for the construction of Vulcan’s integrated Geothermal and Lithium Plant in Landau.  Vulcan has already submitted the corresponding building applications for the planned facility. The City Council can now review the applications in conjunction with the development plan and building permits. The planned Geothermal Plant will enable The City of Landau to utilise green energy both for the municipal district heating supply and for the carbon neutral energy supply of industry and commerce. Vulcan’s Chief Development Officer, Thorsten Weimann stated, “The Landau City Council’s decision represents a significant step towards a sustainable and carbon neutral future for Landau and the region. Vulcan is looking forward to partnering with The City of Landau to drive the world leading ZERO CARBON LITHIUM™ Project (the Project) forward and make an important contribution to the energy transition. The positive vote of D12 gives Vulcan a solid basis for the Geothermal and Lithium plant permits and positions us well for the start of construction aligned with our project schedule.” Vulcan’s Project will result in numerous benefits for the citizens of Landau and the surrounding region. Vulcan’s aim is to generate carbon neutral heat for more than one million people in the Upper Rhine Valley by 2030 and thus actively support the German federal government’s goal of initiating 100 additional geothermal projects by 2030. “The population of Landau and companies in the region will not only benefit from baseload renewable energy, but also carbon neutral heat supply,” adds Weimann. Lithium-rich brine and hot industrial water will be transported to Vulcan’s Geothermal and Lithium Plant in Landau via a pipeline system. The hot industrial water will be used to provide carbon neutral heat through a district heating system, thus producing green energy to benefit the local community in Landau and the surrounding region. In the Lithium Plant, the lithium will be extracted from the brine before it is returned to the subsurface, in a closed loop system. The lithium chloride produced will be transported to the Industrial Park in Hoechst for conversion to lithium hydroxide monohydrate in Vulcan’s Central Lithium Plant. Offtake agreements have already been secured with Stellantis, Umicore, Renault, LG Energy Solution and Volkswagen. Vulcan’s Managing Director and CEO, Cris Moreno stated, “This positive result from The Landau City Council is an important step in the realisation of Phase One of our integrated and renewable energy ZERO CARBON LITHIUM™ Project. We are moving decisively towards the construction of the integrated Geothermal and Litihium Plant in Landau and are delighted with the City’s support for our Project which will benefit the region not just via renewable energy and heat, but in jobs and services.  A win-win for The City of Landau.”   Media inquiries: Annabel Roedhammer Vice President Communications aroedhammer@v-er.eu +49 (0) 1511 410 1585