Business
Why the Vulcan Energy (ASX:VUL) share price is up 4,000% in 12 months
The Vulcan Energy Resources Ltd (ASX: VUL) share price has continued its impressive run and is zooming higher again on Monday.
At one stage today, the lithium-focused mineral exploration company’s shares were up as much as 24% to a record high of $7.97.
When the Vulcan Energy share price hit that level, it meant it was up a staggering 4,200% since this time last year.
What is Vulcan Energy Resources?
Vulcan refers to itself as the first Zero Carbon Lithium producer. It is aiming to produce a battery-quality lithium hydroxide chemical product with net zero carbon footprint from its combined geothermal and lithium resource.
This is Europe’s largest lithium resource, located in the Upper Rhine Valley of Germany.
The company plans…
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