• Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary shares at the 30-day Volume Weighted Average Price (VWAP) of A$6.622 (€4.367) per share which represents ~11.450m shares1 .
• Vulcan and Stellantis have also extended their binding lithium hydroxide offtake agreement (see ASX release 29/11/2021) by five years, to 2035. 
• Stellantis is one of the world’s leading automakers and mobility providers. It has a portfolio of 14 vehicle brands and two mobility companies. Stellantis was the market leader in the low emission vehicle category (LEV) for Passenger Cars and Light Commercial Vehicles in the main European countries region in Q1 20222 .

Down from $8 at the end of May to under $5 just recently (approx 30%).

Now up 30% in one day ... back to $6.50. What a ride!

This time for geothermal heat energy, 20yr agreement with German MVV Energie starting 2025.

31st Jan = Signed binding offtake agreement with LG Energy for their Lithium hydroxide.

"Vulcan's current plans for lithium production are now fully booked for the first five years of operation."

Wow, what a strong sales pipeline. Selling something they don't yet have, in contracts for 5yrs at a time, for a time period 3yrs into the future!