Vulcan Energy Secures Major Funding Milestone for Lithium Project

Vulcan Energy Resources has successfully concluded a significant equity raise, marking a pivotal transition from fundraising to project execution. The company has issued approximately 66 million new shares, which commenced trading today, providing the capital required to advance its flagship development.

The company has raised a total of roughly 545 million euros (equivalent to approximately 973 million Australian dollars) through a combined institutional and private placement. Of this total, retail investors contributed approximately 147 million euros (around 263 million Australian dollars). The influx of capital is primarily earmarked for imminent, capital-intensive infrastructure investments related to its core project.

The new shares, stemming from a comprehensive capital measure that included an entitlement offer, increase the number of outstanding shares substantially. This expansion significantly boosts the free float, enhancing trading liquidity. Market observers will now assess how the additional share supply is absorbed and priced.

Key Details of the Financing:

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

• New shares issued: Approximately 66 million
• Total funds raised: Approximately 545 million euros
• Retail investor portion: Approximately 147 million euros
• Notable shareholder change: HOCHTIEF increases its stake to about 15.41%
• Primary use of proceeds: Development of "Phase One Lionheart"

Funding Directed to Core Project

Management has designated the freshly raised capital to accelerate the "Phase One Lionheart" initiative. This phase focuses on advancing the integrated production of lithium and renewable energy. The successful completion of this financing round allows the company to cancel certain previously planned conditional placements, resulting in a simpler and more transparent capital structure.

Shifts in the Shareholder Register

The capital increase has also reshaped the company's ownership profile. A notable development is the expanded strategic investment from construction group HOCHTIEF, whose stake is set to rise to 15.41%. This deepened involvement underscores a long-term commitment to seeing the Lionheart project through to fruition.

With this funding round now finalized, Vulcan Energy's focus shifts decisively toward the practical implementation and development of the project's first phase.