Vulcan Energy Resources (ASX: VUL) Gains After Drilling Commences at Lionheart Project

Tue 27 May 25, 03:02 AM | Team Kalkine

Image source: Shutterstock

Highlights

Shares increase following the announcement of new production well drilling

Lionheart Project enters next development phase with operational progress

Broker initiates speculative buy rating with lithium outlook supporting EBITDA forecasts

Vulcan Energy Resources Ltd (ASX: VUL) shares rose today to AUD 4.18, up 2%, after the company confirmed that drilling has started for the first production well at the Lionheart Project. This marks the beginning of Phase One development for its lithium project in Europe.

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