Vulcan Energy Resources Limited (ASX: VUL) has secured a €879 million ($1.4 billion) loan commitment to advance its €2.2 billion Phase One Lionheart Project in Germany. The financing was arranged in collaboration with Export Finance Australia and a syndicate of seven commercial banks. The project is set to produce lithium using a zero-carbon process, aligning with Europe's transition to sustainable energy. This funding marks a significant milestone in Vulcan Energy's mission to support the electric vehicle and battery industries.
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