What’s with the Vulcan (ASX:VUL) share price today?

The Vulcan Energy Resources Ltd (ASX: VUL) share price is falling in afternoon trading, down 3.78% to $7.89 despite a flying start out of the blocks this morning.

The ASX miner announced its quarterly activities and cash flow report for the period ending 31 December 2020 to the ASX market today. Let’s take a closer look.

What is in the report?

In today’s release, Vulcan advised that its first zero carbon lithium pre-feasibility study demonstrated strong potential. The combined renewable energy and lithium hydroxide project, in the centre of Europe, has a positive net present value of €2.25 billion (AUD$3.56 billion). As such it is projected to be one of the cheapest lithium producers globally.

Vulcan also announced upgrades…