Vulcan Energy Expands Equity Base to Fund German Lithium Growth

Key details of the capital raise
- The company issued new fully paid ordinary shares.
- The Cleansing Notice, filed under the Corporations Act 2001, allows trading of these shares without a formal investor prospectus.
- In a subsequent update dated 13 February 2026, Vulcan specified the aggregate voting rights at 477,903,314 shares.

Operational progress and context
- The capital-raising move comes amid a period of heightened operational activity. At the end of January, Vulcan reported successful production tests at the first new borehole at the Lionheart project.
- The firm is pursuing an integrated business model in the Upper Rhine Graben aimed at sustainable lithium extraction and renewable energy.

Should investors sell immediately? Or is it worth buying Vulcan Energy?

Rationale and outlook
- Capital raisings are a common tool for companies seeking to secure financing and advance ongoing initiatives. For Vulcan, the funds are expected to support ambitious expansion plans within Germany?s lithium sector.

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