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4 October 2023 AlsterResearch

Roadshow confirms investment case; BUY

“Last week, we accompanied Dr. Francis Wedin, Vulcan’s former CEO and now Executive Chair of the Board, on a roadshow in Frankfurt. The discussions centered on topics such as the project financing, which is strongly linked to the upcoming completion of Vulcan’s bridging study, scheduled for November. The study itself focuses on Vulcan’s Lionheart area and is expected to provide more favorable project economics while also further de-risking potential.”