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Vulcan Energy reports progress on geothermal lithium operations in Germany

ThinkGeoEnergy

Vulcan Energie Ressourcen GmbH (Vulcan Energy) has recently made two announcements on their geothermal lithium operations in Germany – the first extraction of lithium chloride from the company’s Landau facility, and the topping-out ceremony of their facility in Frankfurt-Höchst.

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Vulcan Energy signs MOU with ABB for Germany geothermal lithium project

ThinkGeoEnergy

Multi-industry technology company ABB has signed a Memorandum of Understanding with Vulcan Energy to jointly establish design, engineering, execution, and operations plans for the latter’s Zero Carbon Lithium project in the Upper Rhine Region in Germany.

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LG Energy Solution invests AUD20 million in Green Technology Metals for lithium supply

Charged

LG Energy Solution and lithium exploration company Green Technology Metals (GT1) have signed an AUD20-million equity subscription agreement and an offtake term sheet, giving LG access to future production from GT1’s flagship Seymour Project in North America. Source: LG Energy Solution via Green Car Congress

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BMW i Ventures to Invest in Green Lithium Refining Technology

Green Living Guy

(May 17, 2022) – BMW i Ventures announced today a lead investment in the Series A-1 financing round of Mangrove Lithium, a feedstock-flexible modular platform producing battery-grade lithium hydroxide and carbonate to improve the sustainability profile of lithium. The company’s electrochemical […].

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Cornish Lithium receives £53M investment to develop domestic lithium supply

ThinkGeoEnergy

UK-based mineral exploration company Cornish Lithium has secured £53 million (approx. USD 67 million) in investment from the UK Infrastructure Bank along with the Energy and Minerals Group (EMG) and TechMet. The investors also have the option of making a £168 million second-stage investment.

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CTR to receive $30 million tax credit from California to support geothermal lithium project

ThinkGeoEnergy

The tax credits will support the critical development of the Hell’s Kitchen Lithium and Power Project in Imperial County. CTR was one of the eight innovative companies that received a total of $120 million in investment from the State of California. billion in private investment over the next five years.

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Stellantis expands relationship with lithium producer Vulcan Energy

Charged

Stellantis has made a new equity investment of €50 million in lithium producer Vulcan Energy Resources, and extended its original binding offtake agreement to 10 years. It is encouraging to see a leading automaker investing in local, low-carbon lithium production.”. Source: Stellantis.

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