Vulcan & Circulor to establish world-first full lithium traceability & CO2 measurement across supply chain

Highlights:

•  Vulcan to use Circulor's full traceability and dynamic CO2 measurement solution for Zero Carbon Lithium™ across the European Lithium-ion battery and Electric Vehicle (EV) supply chain, in a world-first for the lithium sector.
•  Circulor’s customers include major European automotive manufacturers such as Volvo Cars, Daimler, Polestar and Jaguar Land Rover, which indicates OEMs’ growing need to demonstrate responsible sourcing of raw materials like lithium and to track and manage the embedded CO2 emission in their upstream supply chain for EVs, as they strive towards their net zero targets.
•  Circulor offers a software solution that enables customers to track raw materials through supply chains to demonstrate responsible sourcing and sustainability.
•  This system implementation enables reputational protection, proof of compliance with regulations and dynamic carbon tracking.
•  Circulor’s CO2 solution provides a dynamic month-to-month visibility of CO2 intensity across the supply chain and its participants.
•  Battery raw materials transparency, traceability and sustainability weredirectly targeted in the latest European Commission Battery Regulation proposed in December 2020.
•  Vulcan will be implementing Ciculor’s solution to its future lithium supply contracts with European OEMs to help them meet their sustainability objectives for material traceability and CO2 transparency.
•  Circulor’s solution will first be used during Vulcan’s project development including at a pilot and demonstration plant level, when the first samples are dispatched to customers.
•  Circulor and Vulcan will work together to prepare Vulcan and its supply chain for full traceability of Vulcan’s Zero Carbon Lithium™ product at the production start in 2024.

DISC: Small holding

Highlights:

~ Vulcan will be collaborating with DuPont Water Solutions, a leader in water filtration and purification, to test and scale up Direct Lithium Extraction (DLE) solutions for Vulcan’s world-first Zero Carbon Lithium® extraction process.

~ DuPont will leverage its portfolio of proprietary Direct Lithium Extraction (DLE) products to assist Vulcan with input and test-work during Vulcan’s Zero Carbon Lithium® project Definitive Feasibility Study (DFS). As part of the project, DuPont will be developing and testing an integrated Direct Lithium Extraction Process for Vulcan’s brine. DuPont’s multi-technology portfolio of lithium selective sorbent, nanofiltration, reverse osmosis, ion exchange resins, ultrafiltration, and close circuit reverse osmosis will be leveraged for the study.

~Agreement is in line with Vulcan’s strategy to test and pursue commercially mature DLE products from major suppliers for its project to minimize technical risks and accelerate development of the project.

~Unlike current extraction processes, the Zero Carbon Lithium® project will demonstrate the world’s first completely carbon neutral lithium extraction process with virtually zero environmental disruption.

~DuPont Water Solutions (DWS) is a leader in sustainable water purification and separation technologies, including ultrafiltration, reverse osmosis (RO) membranes and ion exchange resins.

DISC: I hold

Acquisition of a world leading German-based geothermal consultancy team

Highlights:

~ Binding agreement signed to acquire 100% of geothermal subsurface consultancy company GeoThermal Engineering GmbH (GeoT).

~ GeoT has a highly credentialed, world-leading scientific team with over a century of combined expertise in sub-surface development of geothermal projects, from exploration to production drilling.

~ Acquisition is part of Vulcan’s plans to accelerate its Zero Carbon Lithium® project in Germany, by rapidly growing its development team.

~ GeoT (https://www.geo-t.de/en/) is based in the Upper Rhine Valley, Germany, and is owned by Vulcan Executive Director Dr. Horst Kreuter.

Positive Pre-Feasibility Study 15/1/21

Shares looking to rise 34+% at open

https://vul.live.irmau.com/site/PDF/232dbb56-08a7-4f19-aac4-70fd4d11ec97/PFSPresentation