2021 Year
at a Glance
During the year, the rapidly growing Vulcan team was focused on the process development of our Zero Carbon Lithium™ Project with a strict exclusion of fossil fuels to power the process, whilst demonstrating best-in class environmental credentials through independent study and verification.
Project Execution
Positive Pre-Feasibility Study
Positive Pre-Feasibility Study showed post-tax NPV of €2.256B (full project, no phasing) Lithium extraction pilot plant commissioned & successfully operating with first results announced in May that target specification for Direct Lithium Extraction (DLE) were achieved.
Strengthened Cash Position
$120m raised from ESG investors to accelerate Zero Carbon Lithium™ Project development.
Growth Of Best In Class Team
Best-in-class team now over 70 personnel, with the acquisition of expert geothermal engineering companies and expansion of chemicals team.
Vulcan Zero
Carbon Lithium™
World-first Zero
Carbon Lithium™ Project
In the heart of the fastest growing
lithium market in the world
Strong cash
position
Geothermal &
DLE in Germany
Largest JORC lithium
Resource in Europe
Team of world
leading experts
Dual revenue
Green energy & lithium
Potential for very low
OPEX operation
Project Supported
by the EU
Aziz Mohadeen Technician
I am from Syria and I have been living in Germany for 6 years. I finished my education as a chemical lab technician in Germany. My hobbies are painting, sports and reading. As a chemical technical assistant in Vulcan’s laboratory, I am working with lithium extraction and ICP-OES instruments. I am a part of the Vulcan team because I like new challenges: exploring how to extract and produce lithium optimally so that in the future we can supply many European countries with lithium and reduce our climate and land of as much CO2 as possible.