Vulcan Energy Resources (ASX:VUL) said that its phase one Lionheart Project in Europe received strategic project status under the European Commission's Critical Raw Materials Act, according to a Wednesday filing with the Australian bourse.
The status will enable Vulcan to access public and private funding, facilitating the project's progression, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.