Vulcan Energy Shares Surge on Major German Government Backing

Vulcan Energy Resources has secured a substantial €100 million investment from the German federal government for its HEAT4LANDAU geothermal initiative, triggering the most significant single-day stock price surge the company has witnessed in months. This pivotal endorsement arrives as the firm advances its distinctive dual-strategy business model, simultaneously extracting lithium and generating geothermal power. Market participants are now evaluating whether this development marks the beginning of a sustained upward trajectory for the company.

The German Federal Ministry for Economic Affairs is channeling this considerable financial support through its efficient heating networks program. The funds, designated for developing a 255-megawatt geothermal infrastructure system for Landau, are scheduled for disbursement in two Read more...