Vulcan Energy Resources Ltd.ASX: VUL

Stellantis Agreement for Phased Renewable Energy Project

· Issued by Vulcan Energy Resources Ltd.

Filed with ASX · · 7 pages · English

Summary by 6ix AI

Vulcan Energy Resources Ltd. has announced a joint project with Stellantis to develop geothermal renewable energy for the Mulhouse plant in France, marking their fourth agreement together. The project aims to decarbonize Stellantis' energy supply and is part of their broader strategy to achieve carbon neutrality by a specific target year. The first phase includes a Pre-Feasibility Study to assess the construction of geothermal assets and potential lithium production.

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