Why the Vulcan Energy (ASX:VUL) share price is charging higher again

The Vulcan Energy Resources Ltd (ASX: VUL) share price was on form again on Monday.

The clean lithium producer’s shares climbed 3% to $7.60.

This means the Vulcan Energy share price is now up an incredible 174% since the start of the year.

Why did the Vulcan Energy share price race higher?

Investors were buying Vulcan Energy shares on Monday following the release of an announcement relating to a new acquisition.

According to the release, the company has signed a binding agreement to acquire 100% of Global Geothermal Holding (GGH), subject to shareholder approval.

The release notes that GGH is Vulcan Energy’s joint venture partner holding the granted Taro license in the Upper Rhine Valley. It is also the holder of Ludwig and…