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What is Vulcan Energy Resources' Lithium Project Bridging Study? — ASX:VUL| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$VUL
What is Vulcan Energy Resources' Lithium Project Bridging Study?
Vulcan Energy Resources Limited (Vulcan; ASX: VUL) has released the results of its Bridging Engineering Study for Phase One of the Zero Carbon Lithium™ Project. This initiative plans to be the first integrated supplier of renewable geothermal energy and lithium hydroxide with net-zero greenhouse gas emissions. The project aims to secure Europe's lithium supply chain and meet the critical raw material needs of the EU's battery electric vehicle (BEV) industry.
Meeting EU's Battery Electric Vehicle Demand
The project aims to produce roughly 24,000 tonnes of lithium hydroxide per year from Phase One. This production capacity can produce enough lithium for around 500,000 BEVs per year. The Zero Carbon Lithium™ Project aims to align with EU and German policy, which prioritizes greater vertical integration of the battery supply chain and onshoring of Critical Raw Materials. This includes the Green Deal Industrial Plan and Critical Raw Materials Act.
Providing Affordable, Baseload Renewable Energy and Employment
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Opportunities for Local Communities
Vulcan's Zero Carbon Lithium™ Project aims to provide renewable energy resources for local community district heating and internal consumption. The initiative aims to co-produce up to 560 GWh per year of baseload renewable heat and up to 275 GWh per year of baseload renewable power. The latter will be sold to the grid at Feed-in Tariff rates.
The project aims to create thousands of direct and indirect jobs during construction and operation, linked to the energy transition, decarbonization, and electrification of transport.
Implications of the Bridging Engineering Study
Vulcan's Bridging Engineering Study results indicate that the Zero Carbon Lithium™ Project has the following advantages:
Reduced CAPEX (capital expenditure)
Reduced risk
Low cost
Robust financials
Ready for execution
These benefits make the Zero Carbon Lithium™ Project well-positioned to provide strategic solutions for Europe's battery electric vehicle critical raw material needs. The alignment with EU and German policy ensures that the initiative complements ongoing efforts towards environmental protection and circular economy initiatives.
Conclusion
Vulcan Energy Resources Limited's Bridging Engineering Study for the Zero Carbon Lithium™ Project is a critical step in securing Europe's lithium supply chain and meeting BEV critical raw material needs. The project's alignment with EU and German policy and its production capacity for lithium hydroxide make it a vital initiative towards achieving circular economy goals. Through its provision of renewable energy and job opportunities, the initiative can support local communities' economic and social development.
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L
Lykeshares
131d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
131d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
162d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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