Vulcan Energy expands exploration license area in Upper Rhine Valley, Germany
With two new exploration licenses, Vulcan Energy has expanded the exploration license area for the Zero Carbon Lithium Project in Germany.
In a release, Vulcan Energy Resources Limited (Vulcan) provides updates for the Zero Carbon Lithium Project in the Upper Rhine Valley in Germany. Part of the update is the acquisition of two new exploration licenses in Flaggenturm and Fuchsmantel, thus increasing the exploration license area to 1,163 sq. km.
The new exploration areas complement Vulcan’s pipeline of future growth opportunities for developing lithium resources in Europe.
The project update also mentions that positive vote of the Council City of Landau for geothermal energy production in the area and the subsequent lithium extraction from geothermal brine, as we have previously reported.
Landau covers Vulcan’s geothermal production license at Insheim, a region that is essential to the company’s Phase 1 development plans. This involves doing a Phase 1 Definitive Feasibility Study (DFS) and to expand both geothermal energy production and lithium extraction from around its core producing plant at Insheim.
“We welcome the City of Landau’s positive decision as an important step to support renewable geothermal energy and lithium extraction. This marks an important step forward along the journey of our dual geothermal energy and Zero Carbon Lithium business, which is widely recognized as vital not just to energy and critical raw materials supply security in Europe, but also to meeting Germany’s climate goals.” said Vulcan Managing Director Dr. Francis Wedin.
“In addition, we note that we have further expanded our license footprint in the Upper Rhine Valley Brine Field, which adds to our growing pipeline of projects expanding out from our producing core of the field. In the coming weeks we hope to provide further updates on our DFS, Pilot and Demo Plant, URBVF resource modeling, and closer strategic integration within the battery and electric vehicle supply chain.” added Wedin.
Source: Vulcan Energy