Fresh Momentum for Vulcan Energy: Landau Drilling and ASX Filing Move Ahead

Vulcan Energy Resources has disclosed progress on its Lionheart project, confirming the start of new geothermal drilling activities in Landau. CEO Cris Moreno said on Thursday that the work marks a pivotal step in the project’s timetable for lithium development in Germany’s Upper Rhine Valley. On the same day, February 12, the company filed documents with the Australian Securities Exchange seeking the listing of newly issued securities.

Key points:
- New drilling activities underway in Landau
- Moreno outlines a shift toward full-scale production
- Formal listing application lodged with the ASX
- Phase 1 targets 24,000 tonnes per year of lithium hydroxide monohydrate

The fresh boreholes follow successful production tests from the first Lionheart well at the end of January. In discussions with Argus Media, Moreno sketched out the transition from pilot operations to a full Direct Lithium Extraction (DLE) and electrochemical processing regime. The aim is to extract lithium hydroxide from geothermal brines while simultaneously generating renewable energy.

Moreno also highlighted the regulatory landscape in Germany and the European Union as essential considerations for Europe’s battery materials supply chain. Vulcan Energy is reviewing potential partnerships to bolster its integrated lithium and energy strategy.

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Financing moves run parallel to operations

Concurrently with the drilling update, Vulcan Energy submitted a standard notice to the ASX regarding the listing of newly issued shares. The accompanying “Cleansing Notice” under Paragraph 708A(5)(e) of the Corporations Act enables these shares to trade freely.

These filings are administrative in nature and reflect ongoing capital-structure planning following the substantial funding rounds completed in late 2025. The exact size of this tranche was not disclosed.

Lionheart’s European EV ambition

Phase 1 of the project targets roughly 24,000 tonnes of lithium hydroxide monohydrate per year, aligned with Europe’s electric-vehicle market needs. With crucial financings secured and drilling advances continuing, Vulcan Energy is transitioning from development work to implementation. The Landau drilling outcomes will be evaluated for their technical viability and economic practicality as the project progresses.