Vulcan gears up for FSE listing, set to be the first Australian company on the German exchange

Summary

  • Vulcan Energy (ASX:VUL) is gearing up for dual listing on the Frankfurt Stock Exchange.
  • Vulcan has appointed Berenberg as the listing advisor, and the listing is expected to complete within six to nine months.
  • The company holds one of the largest lithium resources of Europe, in Germany, and has entered into multiple supply contracts.

World’s first zero-carbon lithium producer, Vulcan Energy Limited (ASX:VUL), is ready to increase its international exposure and invite the wider European investor base.

In an upbeat announcement made by the lithium player on Monday, the company shared its plans to apply for dual listing on the regulated market of the Frankfurt Stock Exchange (FSE). After completing the listing, VUL will become the first Australian company listed on the German stock exchange.

Also Read: What powered Vulcan Energy’s (ASX:VUL) 15% rally today?

The company plans to enter the Prime Standard market segment, which has one of the highest requirements of transparency in all segments across the FSE.

Source: Copyright © 2021 Kalkine Media

Vulcan’s Zero Carbon Lithium™ Project: Setting new standards in the lithium industry

Interestingly, Vulcan aims to emerge as the world’s first carbon-neutral lithium producer. VUL’s Zero Carbon Lithium™ Project is poised to produce battery-grade lithium hydroxide chemicals. The company holds one of the largest lithium resources of Europe, in Germany, and has entered into multiple supply contracts with automotive majors like Renault and Battery makers such as LG Energy Solution.

Source: © Xura | Megapixl.com

Vulcan aims to reduce the water requirement and the carbon footprints of lithium production. The lithium player intends to feed Europe's electric vehicle and lithium-ion battery market. The company's unique project has the capability to fulfil Europe's need for EV transition for many years to come without disturbing the carbon footprints of the region.

Related Article: Why is Vulcan Energy Resource Ltd (ASX: VUL) share price shooting up?

VUL’s unique and innovative project aims to produce both geothermal energy and lithium hydroxide from the deep brine source.

Berenberg’s Appointment

Vulcan has appointed Joh Berenberg Gossler & Co. KG (Berenberg), as the listing advisor. Berenberg is the world's oldest merchant bank, founded in 1590 in Germany. The listing process is expected to be completed within six to nine months.

Suggested Read: How is Vulcan Energy (ASX: VUL) Progressing With Pilot Lithium Extraction Plant?

Shares of VUL traded 1.21% down at AU$13.09 per share as of 9 August 2021 at 1:01 PM AEST.

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