Vulcan Energy Resources Limited (Vulcan: ASX: VUL, FSE: VUL, the Company)is pleased to announce
the world’s first upstream investment by attop tier automaker into alisted lithium company.
– Vulcan has agreed a AS76M (€50M) equity investment from Stellantis N.V. (NYSE / MTA / Euronext
Paris: STLA, Stellantis).
– Vulcan understands that this represents the world’s first upstream investment in a listed lithium
– Stellantis willbecome the second largest shareholder in Vulcan, at 8% shareholding, following issue
of the fully paid ordinary shares at the 30-day Volume Weighted Average Price (VWAP) of AS6.622
(€4.367) per share which represents -11.450m shares.