Vulcan successfully raises A$200 million via well supported Placement from existing and new institutional investors, including ESG-focused institutions.
Share Purchase Plan to open on 24 September 2021, available to eligible existing Vulcan shareholders to raise up to a further A$20 million.
Proceeds from the Offer to support Vulcan’s goal of becoming the world’s first fully integrated renewable energy and Zero Carbon Lithium™ Company, with Phase 1 production targeted for CY2024.
The Offer coincides with Vulcan’s inclusion in the S&P/ASX300 Index, which is set to occur on 17 September 2021.
Vulcan is seeking to expand its Zero Carbon Lithium™ Project development at a time of unprecedented demand for lithium.