Binding Lithium Offtake term sheet signed with LG Energy Solution to supply 10,000 metric tonnes per year of lithium hydroxide (post June 2021 Quarter).
Direct Lithium Extraction (DLE) Pilot Plant designed, built and commissioned by the Vulcan in-house chemical engineering team.
DLE plant now successfully operating with >90% recoveries, to demonstrate lithium extraction from geothermal brine.
Spin-off and IPO initiated of non-core, Scandinavian battery metals projects into a new dedicated vehicle, “Kuniko Limited”.
Key consultants Hatch Ltd. and GLJ Ltd. have been engaged to assist Vulcan with its Definitive Feasibility Study (DFS) (post June 2021 Quarter).
New exploration license granted in Upper Rhine Valley (post June2021 Quarter).