Dear Shareholders and Vulcan Community, As 2024 comes to a close, I am both proud and inspired by the remarkable milestones we have achieved together this year. It has been a transformative period for Vulcan, marked by significant progress in our Phase One Lionheart Project and beyond. These advancements are a testament to the vision, resilience, and commitment of our OneVulcan team and partners. Let us take a moment to reflect on this extraordinary year. As the Phase One Lionheart Project evolves, so does our OneVulcan team and its leadership. This year, we expanded our team to meet critical delivery milestones and welcomed new leadership. We were pleased to welcome Felicity Gooding as our Group Chief Financial Officer. Felicity’s expertise has been instrumental as we finalise the close of our Phase One debt financing process. In September, we saw important changes to our Board with the appointment of Angus Barker as a Non-Executive Director. At the same time, we bid farewell to Gavin Rezos, Ranya Alkadamani, and Annie Liu, whose vision and dedication have been pivotal in shaping Vulcan’s journey. Their contributions have laid a solid foundation for the future. Starting 1 January 2025, Felicity Gooding will also commence as an Executive Director, and Angus Barker will assume the roles of Lead Independent Director and Deputy Chair of our board. One of our defining achievements this last week of the working year has been the signing of an €879m conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for the financing of Vulcan’s Phase One Lionheart Project.  In addition, the European Investments Bank has approved up to €500 million in financing — a major endorsement of Vulcan’s vision and impact. Earlier this month, we announced the successful completion of a fully underwritten institutional placement and concurrent strategic placement totalling €100m (A$164m) to commence execution of the critical path scope for its Phase One Lionheart Project. This financial injection further complimented the strategic investments of €40 million (~A$65 million) by CIMIC Group and Hancock Prospecting earlier this year. Our Green Financing Framework, developed with Natixis CIB, received a “Dark Green” rating in October — the highest ever awarded to a metals and mining company globally. This recognition underscores our leadership in sustainability and our commitment to responsible financing. Operationally, 2024 has been groundbreaking. We produced our first lithium chloride in April at the Lithium Extraction Optimisation Plant (LEOP) in Landau — a first for Europe. By November, we celebrated the production of the first fully sustainable lithium hydroxide at the Central Lithium Electrolysis Optimisation Plant (CLEOP) in Frankfurt Höchst, completing the integrated supply chain within Europe. These milestones demonstrate Vulcan’s position as Europe’s most advanced integrated lithium producer and our unique ability to deliver on the promise of a circular and sustainable lithium supply chain. In November, the German Federal Ministry of Economics and Climate Protection approved up to €100 million in funding for our HEAT4LANDAU Project, which will help deliver the geothermal parts of our Phase One project. This grant reinforces our position as a key player in Europe’s energy transition and strengthens our financial strategy as we head into 2025. Furthermore, with the City of Landau, we have signed an optional agreement to secure the property in the D12 development plan. The City of Landau had already given a clear signal of support for the project in December 2023 and approved the D12 development plan in June 2024. With the now-signed option agreement, Vulcan has secured the necessary basis for the preparation of the construction work. We’ve also formed several new strategic partnerships, including MoUs with ABB, Jordproxa, and AVEVA, ensuring a strong foundation for future development. In November, we announced an exciting partnership with BASF to explore the use of geothermal energy for base load power requirements at their Ludwigshafen site. Our focus remains steadfast on our Phase One Lionheart execution, in parallel though we have commenced global licencing of lithium extraction technology. By commercialising VULSORB® as a leading-edge technological asset, Vulcan is strengthening its decarbonisation efforts beyond its current use in the Upper Rhine Valley Brine Field and is setting the standard for future A-DLE projects globally.  The commercialisation of VULSORB® will start to provide Vulcan with an additional revenue source and gain exposure to other lithium production during Phase One project construction. As we close the year, one last monumental achievement stands out: the production of our first lithium hydroxide monohydrate this week at CLEOP, which has been years in the making and represents the first fully domestic lithium supply chain in Europe, from brine resource to battery grade material. This milestone plus all the others mentioned above, mark the culmination of a year of hard work and the dawn of a new chapter for Vulcan. To our shareholders and partners: Thank you for your unwavering support and belief in our vision. Together, we are reshaping the future of lithium production and renewable energy. I wish you and your loved ones a Merry Christmas and a Happy New Year. I look forward to sharing more milestones and successes with you in 2025. Warm regards, Cris Moreno Managing Director & CEO Vulcan Energy

Vulcan Energy (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce an update on the proposed involvement of the European Investment Bank (EIB) in the Company’s debt financing process, with the EIB Board approving its participation. Highlights On 23 February 2024, the Company announced its Phase One Project was potentially suitable for EIB financing and had advanced to the Under Appraisal stage of the process. The EIB Board has now approved its participation, with the financing potentially amounting to up to €500m (~A$819m), pending completion of final due diligence, signing of legal documentation and final internal approval The potential €500m financing envelope can be split into an EIB direct uncovered facility, funding under export credit agency (ECA) covered facilities and as liquidity lines for participating commercial banks The EIB’s involvement is expected to serve as a cornerstone to complement the ongoing Phase One funding process. The Company is advancing its financing process, supported by BNP Paribas as financial advisor, following strong engagement throughout 2024 with commercial banks and government-backed ECAs. Vulcan has already received a €120m (~A$196m) commitment from Export Finance Australia, as well as an indication of strong support from Export Development Canada, Bpifrance Assurance Export, and SACE The EIB is the lending arm of the European Union (EU) and one of the largest climate finance providers globally. The EU seeks to provide support through a financial pathway toward sustainable and resilient domestic supply chain development for Europe. The EU is aiming to reduce net greenhouse gas emissions by 55% by 2030 and no net emissions of greenhouse gases by 2050 Vulcan is developing the world’s first integrated renewable energy and lithium project in the Upper Rhine Valley, Germany, aiming to decarbonise the lithium supply chain for electric vehicles (EVs) while supplying local communities with renewable heat and power The Phase One Project is targeting the production of 24,000 tonnes per annum of Lithium Hydroxide Monohydrate (LHM), equivalent to approximately 500,000 EVs. Vulcan will supply key auto and battery makers in the European supply chain, including its fourth largest shareholder, Stellantis. Group Chief Financial Officer, Felicity Gooding, commented:“Approval by the EIB to participate in Vulcan’s debt financing process strongly reflects the significance of this project in Germany and broader Europe.” “Our aim of building a fully domestic, sustainable lithium supply chain in Europe, for Europe, ultimately requires the support of financiers such as the EIB, and confirmation of its participation is a welcome and timely development.” “We look forward to providing further updates to our shareholders on the Project.”   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

26 November 2024: Vulcan Energy and the City of Landau have signed an option agreement to secure the property in the D12 development plan in the City of Landau. The reservation of the area in the Am Messegelände Südost Industrial Park represents a step towards the implementation of the planned integrated geothermal and lithium plant. This plant will provide climate-neutral heat and sustainable lithium for the region, while also making an important contribution to the energy transition. The signing of the contract follows the recently announced state funding commitment of up to €100 million for Vulcan’s Heat4Landau Project. This includes the construction of the infrastructure to generate and provide up to 255 MW of renewable geothermal energy to be used to decarbonise the district heating supply in Landau. The City of Landau had already given a clear signal of support for the project in December 2023 and the approval of the D12 development plan in June 2024. With the now signed option agreement, Vulcan has secured the necessary basis for the preparation of the construction work. Commenting on the option agreement, Lord Mayor of the City of Landau, Dominik Geißler, said: “‘The planned plant will provide green heat for the City of Landau and create economic impetus for the region. We are pleased that we, as the southern Palatinate metropolis, are leading the way.” In addition to creating new jobs and promoting local industrial partnerships, the project will contribute to the region’s long-term positioning as a pioneer in sustainable technologies. The planned facility will not only provide green heat for the City of Landau, which will be distributed to households by the grid operators via the district heating network, but also supply climate-neutral lithium for battery production – a crucial factor for the European electromobility strategy. Vulcan has already signed long-term offtake agreements with leading companies such as Stellantis, Renault, LG and Umicore. Thorsten Weimann, Chief Development Officer of Vulcan, Thorsten Weimann, said: “‘The signing of the option agreement is another milestone in the realisation of our project in Landau. This agreement underlines the close co-operation with the City and the joint commitment to a sustainable future. “We look forward to making a significant contribution to the region’s climate-neutral energy supply with the geothermal and lithium plant.”   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 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

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