BUZZ-Australia's Vulcan jumps on govt funds commitment for lithium project

Reuters

2024/12/09

** Shares of Vulcan Energy Resources VUL.AX rise as much as 7.7% to A$6.43, set to snap eight-sessions losing run

** Stock posts biggest intraday pct gain since Nov. 26

** Miner says Export Finance Australia conditionally approves 120 mln euros ($126.6 mln) for co's debt financing for phase one of Lionheart project in Germany

** Project aims to decarbonise lithium supply chain for EVS and supply local communities with renewable heat and power

** Stock up 116.5% YTD, including current session's moves ($1 = 0.9477 euros)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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