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Germany-focused lithium developer raising $221M

Vulcan Energy Resources has launched a A$200 million underwritten placement to accelerate exploration initiatives and expand its dual strategy of producing lithium and renewable energy.

Germany-focused lithium developer raising $221M Germany-focused lithium developer raising $221M Germany-focused lithium developer raising $221M Germany-focused lithium developer raising $221M Germany-focused lithium developer raising $221M

Vulcan's Zero Carbon Lithium project in Germany

The placement will comprise 14.8 million new shares at $13.50 each, representing a 15.1% discount to yesterday's closing price of $15.90, which was its highest ever closing price.