Highlights
- JordProxa to provide technology and equipment for lithium purification, concentration, and conversion for Vulcan’s Lionheart Project.
- The Lithium Extraction Plant will be located at Landau, Germany, with the Central Lithium Plant at the Industrial Park Höchst in Frankfurt.
- Contract signing is a financing condition, targeting completion of key agreements by Q4 2025.
Vulcan Energy (ASX:VUL) has appointed Australian firm JordProxa as the technology and equipment partner for lithium purification, concentration, and conversion in Phase One of the Lionheart Project in Germany. The contract, valued at approximately €140 million (AUD 213 million), covers design, fabrication, modularisation, and delivery of core process units for lithium extraction and conversion at two facilities: the Lithium Extraction Plant (LEP) at Landau and the Central Lithium Plant (CLP) at Frankfurt’s Industrial Park Höchst. JordProxa will deliver integrated technologies for extraction, purification, crystallisation, and evaporation of lithium-rich eluates into battery-grade lithium hydroxide monohydrate (LHM).
Project Scope and Contractual Details
The Lionheart Project aims to produce 24,000 tonnes per annum of LHM, sufficient for around 500,000 electric vehicles each year. JordProxa’s scope includes supplying core process units using Adsorption-type Direct Lithium Extraction (A-DLE) technology at the LEP. The company will also provide on-site technical assistance, including guidance on technical specifications, installation, and commissioning.
The contract includes a fixed price component, performance guarantees, and liquidated damages mechanisms. JordProxa will provide advance payment, performance, and warranty bonds to mitigate risk. Agreements feature mutual indemnities and remain in effect until contract completion unless terminated for material breaches, insolvency, or non-payment. Signing the contract is a precedent to project financing, with Vulcan targeting finalisation of financing and additional agreements in Q4 2025.
Strategic Importance and Project Progress
The partnership follows a Memorandum of Understanding signed in May 2024, focused on optimising project processes, delivery, and cost control. JordProxa’s expertise in advanced water treatment, crystallisation, and evaporation complements Vulcan’s goal of building Europe’s first integrated sustainable lithium and renewable energy business.
The Lionheart Project aims to produce battery-quality lithium hydroxide from geothermal brines with a minimal carbon footprint, meeting growing demand for lithium in electric vehicle supply chains. Phase One will have a power generation capacity of 275 GWh, with lithium extraction at Landau and downstream conversion at Frankfurt.
Market Reaction
As of 17 October 2025, Vulcan Energy’s share price was AUD 6.62, reflecting a decline of 7.28%






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