Vulcan Energy (ASX:VUL) On The Road To A Zero Carbon Project, Shares Rise

Vulcan Energy Resources Limited (ASX:VUL), on 4 February 2021, announced that it has received firm commitments regarding its $120 million placement to investors. The placement is supported by international as well as domestic ESG-focused institutions. 

The placement provides funding to Vulcan to support it through to final investment decision at its Zero Carbon Lithium® Project.

The Company claims this project to be the first Zero Carbon Lithium® Project of the world.

Vulcan’s Managing Director, Dr Francis, said that the funding from the placement will provide the Company with a runway to final investment decision and allowing Vulcan to take the project ahead, including the anticipated delivery of a DFS by Q2 2022.

DETAILED DISCUSSION AT: Why Vulcan Energy (ASX:VUL) Share Price Soared 20% today?

Meanwhile, the VUL stock ended at $9.00, up 14.795%, with market capitalisation at $ 670.97 million.