The Vulcan (ASX:VUL) share price has rocketed 9% today. Here’s why

The Vulcan Energy Resources Ltd (ASX: VUL) share price is surging again today following the company’s reveal of a pilot plant to extract lithium from the Upper Rhine Valley.

The Vulcan share price is up 8.9% to $6.93 today in its third successive day of gains on the S&P/ASX 200 Index (ASX: XJO).

A quick take on the company

Vulcan is focused on lithium supply solutions to European electric vehicle manufacturers, a booming market at the current time.

Principally, it is engaged in exploring and developing copper-zinc projects and other mineral opportunities. The company’s projects are located in the Trondelag region in Norway, namely the Lokken, Tverrfjellet, Grimsdal, Killingdal, and Storwartz projects.

Additionally, the company…