Vulcan Energy Resources (ASX:VUL) received initial equity funds for its Lionheart lithium and geothermal energy project in Europe after meeting the first strategic drawdown conditions on its 2.2 billion euros funding package, according to a Wednesday filing with the Australian bourse.
Lionheart continues to progress on track, targeting an annual production capacity of 24,000 tonnes of lithium hydroxide monohydrate over an estimated 30-year project life, per the filing.
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