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VULCAN ENERGY ZERO CARBON LITHIUM ™ Quarterly Activities Report September 2021 Vulcan Energy Resources Limited ( Vulcan ; ASX : VUL , the Company ) has completed another strong quarter , as the Company remains focused on delivering the Zero Carbon Lithium ™ Project , targeting first phase production in mid - 2024 . Highlights : Project Execution • • • • • • Agreements signed with LG Energy Solution ( LGES ) , Renault Group and Umicore for the supply of battery grade lithium chemicals . Updated industry - leading Life Cycle Assessment results estimate Vulcan's Zero Carbon Lithium ™ Project will produce negative CO2 emissions intensity and confirms Vulcan's integrated geothermal lithium project has the lowest planned carbon footprint of any lithium project in the world . Successfully raised A $ 200 million through a well - supported Placement from existing and new institutional investors , including ESG - focused institutions . Vulcan's engineering team produced its first battery quality lithium hydroxide monohydrate ( LHM ) from piloting operations . Site secured for Vulcan's planned Central Lithium Plant ( CLP ) . New exploration licence granted in the Upper Rhine Valley , Germany , covering 108km² of area . ESG Excellence and Team Growth • • • • Included in the S & P Dow Jones Indices ASX300 Index and announced application to dual list on the regulated market of the Frankfurt Stock Exchange in the Prime Standard market segment . Hatch Ltd , GLJ Ltd and BNP Paribas engaged as key consultants to assist with the Definitive Feasibility Study ( DFS ) . Partnered with Mr. Nico Rosberg and the Rosberg X Racing ( RXR ) electric racing team in the sustainability - focused Extreme - E competition . Experienced chemicals industry Chief Financial Officer ( CFO ) was appointed in Germany and key appointments made to Vulcan's Communications team in Germany and Australia . Total team growth to 80 personnel . Successful spin - off and IPO of its Norwegian battery metals subsidiary , Kuniko Ltd. ASX Release 29 October 2021 ASX : VUL FRA : 6KO Fast Facts Issued Capital : 123,834,613 Market Cap ( @ $ 14.99 ) : $ 1.856b Highlights Globally unique Zero Carbon Lithium ™ Project . Combined lithium chemicals & renewable energy project in the Upper Rhine Valley of Germany . EU's largest lithium resource . Located at the heart of the EU Li - ion battery industry . Fast - track development towards supplying the EU's battery & electric vehicle industry . Corporate Directory Managing Director Dr Francis Wedin Chairman Gavin Rezos Executive Director Germany Dr Horst Kreuter Non - Executive Director Ranya Alkadamani Non - Executive Director Annie Liu Non - Executive Director Dr Heidi Grön Non - Executive Director Josephine Bush Company Secretary Daniel Tydde www.v-er.eu info@v-er.eu @VulcanEnergyRes Contact Level 11 , Brookfield Place 125 St Georges Terrace Perth WA 6000 Australia 08 6189 8767 Vulcan Energie Ressourcen GmbH Baischstr . 8 76133 Karlsruhe V