[SMM Flash News] Vulcan Energy Achieves Financial Close for €2.2B Lionheart Lithium Project

Published: May 31, 2026 00:35

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Vulcan Energy has officially achieved Financial Close for its €2.2 billion Lionheart Project financing arrangements, unlocking the remaining balance of its equity and debt package. Located in the Upper Rhine Valley between Germany and France, Lionheart is a landmark integrated lithium and renewable energy initiative. The project targets an annual production capacity of 24,000 tonnes of lithium hydroxide monohydrate (LHM), sufficient to power roughly 500,000 electric vehicles per year, alongside 275 GWh of renewable power and 560 GWh of heat over a 30-year lifespan. Following a positive Final Investment Decision and the start of construction in late 2025, reaching Financial Close secures the sequential drawdowns needed to keep the project on track and on budget.

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