July 19, 2021 Vulcan Energy

London | Perth-based lithium start-up Vulcan Energy Resources has signed its first potential offtake deal for the mine it plans to build in western Germany, just a week after closing a day’s trade with a $1 billion market value for the first time.

South Korean company LG Energy Solution, the world’s largest producer of batteries for the electric vehicle industry, has signed a binding term sheet to buy 5000 tonnes a year from Vulcan’s proposed geothermal brine plant in the Rhine Valley.