The Vulcan (ASX:VUL) share price just hit an all-time high

The Vulcan Energy Resources Ltd (ASX: VUL) share price has spent the last 12 months climbing its way from 15 cents per share, to today’s intraday all-time high of $3.41 – easily outpacing the S&P/ASX 200 Index (ASX: XJO)

Although there is no new news out from the company today, we can take a look at the most recent update and recap the recent developments.

A closer look at Vulcan

Since being acquired in 2019, Vulcan has been aiming to be the world’s first ‘Zero Carbon Lithium’ producer. More specifically, the company hopes to produce battery-grade lithium hydroxide with a net-zero carbon footprint.

Vulcan expects to leverage its geothermal and lithium project in the Upper Rhine Valley of Germany. By using the same brine…