Vulcan has filed its application for admission to listing on the Regulated Market (Regulierter Markt) of the Frankfurt Stock Exchange ("FSE") (Prime Standard). The dual listing of the entire share capital of the Company on the FSE will be carried out without an accompanying public offer or a private placement of shares.

Once complete, the Company will become the first ASX-listed company to have a dual listing on the Regulated Market of the FSE. The listing prospectus is scheduled to be published on 11 February subject to the approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht)

Admission to listing on the Regulated Market (Prime Standard) of the FSE is expected to occur on 14 February 2022 with trading expected to commence on 15 February 2022 under the trading symbol VUL and the international securities identification number (ISIN) AU0000066086.

Vulcan Energy this morning has announced a partnership with German national Nico Rosberg (2016 Formula 1 World Champion) & Rosberg X Racing Extreme-E Team.

Nico is a prominent sustainability entrepreneur and founder of the popular Greentech Festival, as well as the RXR Extreme-E team. Extreme E’s five-race global voyage, spanning four continents, was created to highlight the impact of climate change and human activity on some of the world’s most remote locations while promoting sustainability and the adoption of electric vehicles to help protect the planet.

This is a great marketing move for Vulcan, as the new exposure they will gain through this partnership will be big ahead of their dual-listing on the Frankfurt Stock Exchange. Nico Rosberg is also a Mercedes employee (ex Mercedes F1 driver), so it'll be interesting to see if anything develops there.

This is Nico's thoughts on the partnership:

“We are thrilled to announce Vulcan as our new official partner. It’s exhilarating to be partnering with such an innovative and sustainability focused company like Vulcan and we look forward to collaborating for years to come with their team. We have incredible positive momentum as we look ahead to the third X Prix, and we are excited to see the ODYSSEY 21 feature our new partner’s branding in Greenland in just a few weeks’ time.”

Vulcan Energy Resources has announced this morning that they will apply for a dual listing on the Frankfurt Stock Exchange and if accepted, VUL will be become the first Australian company to list on the FSE.

I see this as good news for VUL, as it will increase their exposure in Germany and throughout Europe and allow more investors to come on board.

VUL anticipates the dual listing process to take between 6 to 9 months.

Summary:

• Vulcan to apply to dual list on the regulated market of the Frankfurt Stock Exchange (FSE), in the Prime Standard market segment, which has the very highest transparency requirements of all segments on the FSE.
• VUL will become the first Australian company to have a listing on the regulated market of the Frankfurt Stock Exchange once the listing is completed.
• Dual listing will increase the international profile of VUL and in response to demand, enable access for an investment into Vulcan for the full range of the European investment community.
• Vulcan has appointed Joh. Berenberg, Gossler & Co. KG (Berenberg) as listing advisors. Berenberg is the world’s oldest merchant bank having been founded in Germany in 1590. Berenberg’s nine offices in Europe, the UK and the US house one of the largest sales teams for European equities, comprising specialists as well as generalists servicing a broad range of institutional clients, including those with an ESG focus.
• Vulcan expects that the listing process will be completed within six to nine months.

Industry-leading Life Cycle Assessment results

Summary:

• Having originally commissioned the world’s first Life Cycle Assessment (LCA) and global study on the environmental footprint of lithium hydroxide (LHM) production, Vulcan recently again commissioned Minviro Ltd., to update its independent LCA based on more recent data from Vulcan’s Pre-Feasibility Study (PFS).
• Results of the updated LCA estimate negative 2.9t of CO2 emitted per tonne of LHM to be produced from Vulcan’s Zero Carbon Lithium™ Project, including Scope 1, 2 and 3 emissions.
• Vulcan’s negative CO2 emission intensity is a product of the significant impact offset generated by renewable geothermal energy production as well as use of geothermal heat to drive lithium processing, and Vulcan’s industry-leading move to strictly exclude fossil fuels as an energy source from its planned operations.
• According to public data, this result confirms that Vulcan’s Zero Carbon Lithium™ Project has the lowest planned carbon footprint in the world compared to any LCA results previously published in the lithium industry.
• The LCA was conducted according to ISO-14040:2006 and ISO14044:2066 standards and included a third-party expert review.
• The LCA also confirms a low water usage and water scarcity factor, compared to traditional forms of lithium production.
• The Zero Carbon Lithium™ Project has been designed from its inception to help decarboni

Binding Lithium Offtake Term Sheet with LG Energy Solution

Summary:

• Binding lithium hydroxide offtake term sheet (“Agreement”) signed with LG Energy Solution (“LGES”). LGES is the largest producer of lithium-ion batteries for electric vehicles in the world and supplies its products to top global OEMs.
• The Agreement is for an initial five-year term which can be extended by a further five years, with start of commercial delivery set for 2025.
• LGES to purchase 5,000 metric tonnes of battery grade lithium hydroxide for the first year of the supply term, ramping up to 10,000 metric tonnes per year during the second and subsequent years of the supply term.
• Pricing will be based on market prices for lithium hydroxide.
• Conditions precedent to start of commercial delivery include the execution of a definitive formal offtake agreement on materially the same terms by end November 2021, successful start of commercial operation and full product qualification.

Vulcan admitted to the Global Battery Alliance

Summary:

• Vulcan has been accepted as a Member of the Global Battery Alliance (GBA), an umbrella partnership made up of 70 members workings towards a sustainable battery value chain globally.
• Industry members include BMW Group, BASF, BP, Google, Renault Group, LG Chem, Umicore, Volkswagen Group and Volvo Group. Vulcan joins SQM and Wesfarmers as members from the lithium sector.
• The GBA follows ten guiding principles covering issues from the circular recovery of battery materials, ensuring transparency of greenhouse gas emissions and their progressive reduction, to eliminating child and forced labour.
• The GBA is also developing the Battery Passport, a global solution for securely sharing information and data to prove responsibility and sustainability to consumers with a "quality seal", while enabling resource efficiency across the battery life cycle.
• Vulcan will be participating in advancing projects and initiatives around battery materials traceability and transparency that will shape the industry

Vulcan Pilot Plant for DLE on Upper Rhine Valley brine now operational

Highlights:

• Vulcan has designed, built, commissioned and is now operating its Pilot Plant to demonstrate Direct Lithium Extraction (DLE) from Upper Rhine Valley geothermal brine.
• Vulcan is using live geothermal brine from existing wells in its piloting programme for DLE and brine chemistry testwork.
• Vulcan is working with major suppliers, including DuPont, to test DLE products similar to those already used commercially in the lithium industry, on Upper Rhine Valley geothermal brine

Acquisition to acquire minority JV partner Consolidates Upper Rhine project license holdings

Highlights:

• Binding agreement signed to acquire 100% of Global Geothermal Holding UG (GGH), subject to shareholder approval.
• GGH is Vulcan’s joint venture partner holding the granted Taro license in the Upper Rhine Valley. The Taro license has a JORC Resource Estimation of 2.27 Mt contained Lithium Carbonate Equivalent (LCE) at a grade of 181 mg/l Li (Indicated and Inferred) out of the total 15.85 Mt LCE at 181 mg/l Li across the Vulcan Project1 .
• Vulcan has earned a 51% interest in the Taro license and has a right to earn up to 80% with GGH holding the balance.
• GGH also holds other exploration license applications in the Upper Rhine Valley region which are subject to the Vulcan joint venture.
• This acquisition consolidates Vulcan’s major strategic holding in the Upper Rhine Valley, as part of the plan to rapidly advance the Zero Carbon Lithium® project towards production.
• Agreement involves entirely share-based payments, 90% of which are based on project development milestones.