BUZZ-Australia's Vulcan Energy gains on plans to acquire Germany-based Geox GmbH

Reuters
27 Sep 2024

** Shares of Vulcan Energy Resources climb as much as 6.7%, their highest levels since early August

** The lithium explorer says it will acquire Germany-based Geox GmbH for 15 mln euros ($16.76 mln) to consolidate production assets of Zero Carbon Lithium Project

** Co also agrees for a 10-mln-euro credit facility with BNP Paribas to fund Phase 1 of the project

** Including day's moves, stock has risen ~56.5% this year

($1 = 0.8953 euros)

(Reporting by Archishma Iyer)

((Archishma.Iyer@thomsonreuters.com;))

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