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- Vulcan Energy (VUL) produces the highest-grade, lowest-impurity lithium hydroxide to date from its Zero Carbon Lithium project in Germany
- The lithium hydroxide was produced from Vulcan’s sorption pilot plant at its commercial geothermal renewable energy plant, with downstream electrolysis processing offsite
- The latest material produced graded 57.1 per cent lithium hydroxide, “easily exceeding” the best-on-the-market battery grade specifications, according to VUL
- Operating since April 2021, Vulcan says the pilot plant has now produced sufficient data for the company to complete a definitive feasibility study in the first quarter of 2023
- Shares in VUL are soaring 10.1 per cent to trade at $6.65 at 12:27 pm AEDT
Vulcan Energy’s (VUL) share price soared this morning after the company revealed it had produced the highest-grade, lowest-impurity lithium hydroxide to date from its Zero Carbon Lithium project in Germany.
The lithium hydroxide was produced from Vulcan’s sorption pilot plant at its commercial geothermal renewable energy plant in Germany’s Upper Whine Valley Brine Field, with downstream electrolysis processing offsite.
The latest material produced graded 57.1 per cent lithium hydroxide, “easily exceeding” the best-on-the-market battery grade specification of 56.5 per cent required from offtake customers, according to Vulcan.
Impurities were also reportedly “well-below” market specification minimums.
These results come as the company prepares a phase one definitive feasibility study (DFS) for the project, scheduled for the first quarter of 2023.
Vulcan said the pilot plant had been successfully operating since April 2021 and had now produced sufficient data to complete the DFS.
At the same time, works on the containerised Sorption Demonstration Plant are reportedly progressing well, which will serve to train Vulcan’s operations team in a pre-commercial setting, prior to commercial production targeted for 2025.
Shares in VUL soared 10.1 per cent to trade at $6.65 at 12:27 pm AEDT.
