Vulcan Targets 24,000 Tonnes of Lithium with New Well Drilling Underway
Vulcan Energy has begun drilling the first new well for its Phase One Lionheart Project in Germany, marking a critical step toward expanding its renewable geothermal energy and lithium production capacity.
- Drilling commenced at Schleidberg well site, Germany
- Phase One to add 24 new production and re-injection wells
- Targeting 24,000 tonnes per annum lithium hydroxide monohydrate
- Project execution to accelerate post-financing completion
- Strong local stakeholder support and safety approvals secured
A Milestone for Sustainable Lithium and Renewable Energy
Vulcan Energy Resources has taken a significant step forward in its Lionheart Project by commencing drilling of the first new well at the Schleidberg site near Landau, Germany. This marks the start of sub-surface execution works for Phase One of the project, which aims to integrate geothermal energy production with sustainable lithium extraction.
Currently operating four production and re-injection wells, Vulcan plans to expand its footprint substantially by adding 24 new wells. These wells are designed to tap into hot, lithium-rich brines beneath the Upper Rhine Valley Brine Field, a resource considered one of the largest lithium deposits in Europe and globally significant.
Scaling Up for European Battery Supply
The Lionheart Project targets an annual production of approximately 24,000 tonnes of lithium hydroxide monohydrate, a key component for electric vehicle batteries. By harnessing geothermal energy alongside lithium extraction, Vulcan aims to establish a carbon-neutral supply chain that supports Europe’s growing demand for clean energy and electric mobility.
Full project execution, including the mobilisation of engineering, procurement, and construction contractors for pipelines and lithium processing plants, is contingent on securing financing. Nevertheless, the commencement of drilling signals confidence in the project’s viability and progress.
Community Engagement and Safety Assurance
Managing Director Cris Moreno highlighted the importance of this milestone, emphasizing the thorough preparatory work and positive engagement with local stakeholders. Safety assessments by authorities have been completed, and community feedback has been overwhelmingly supportive, reflecting the project’s commitment to responsible development.
Vulcan’s approach combines innovative technology, including its proprietary VULSORB® process, to produce lithium sustainably while generating renewable heating and power. This dual focus positions the company at the forefront of Europe’s transition to a low-carbon economy.
Looking Ahead
While Phase One advances, Vulcan has yet to complete a definitive feasibility study for Phase Two, leaving room for future expansion and refinement of its strategy. The company’s progress will be closely watched by investors and industry observers eager to see how it navigates financing, regulatory approvals, and operational challenges.
Bottom Line?
Vulcan’s drilling milestone brings Europe closer to a sustainable lithium future, but financing and execution remain pivotal next steps.
Questions in the middle?
- When will Vulcan secure full financing to accelerate project execution?
- How will the company manage operational risks associated with scaling up drilling and lithium extraction?
- What impact will this project have on European lithium supply and pricing dynamics?