Cosmos Exploration’s (ASX:C1X) subsidiary EAU Lithium has executed the second of two master services agreements with Vulcan Energy Resources’ (ASX:VUL) German technology subsidiary VULTEC.
The agreement will cover engineering feasibility studies, geothermal power integration studies, DLE process optimisations, by-product opportunities, as well as future plant operations and training support.
The partnership will also scope pilot plant mobilisation, installation, transport, and commissioning, along with market development and offtake support opportunities.
It formalises Cosmos Exploration’s access to the VULSORB technology team and expertise, along with VULTEC’s broader engineering support programs in Germany.
VULTEC will be responsible for technology provision, process design, sorbent supply, and the A-DLE system’s performance.
Completing Cosmos Exploration’s “fully operation suite”, VULTEC will oversee technology integration, geothermal studies and broader technology support as well as future operational support. Technology integration includes optimisation testing of synthesised brine samples at its active German facility
This aligns with an existing technology licensing agreement already in place.
Cosmos Exploration Chairman James Durrant says the company is pleased to formalise a partnership with VULTEC after “working closely with them over an extended period to reach this point”.
“VULTEC is backed by a world-renowned team of experts in chemistry, engineering and geology, and their VULSORB technology underpins one of Europe’s most advanced lithium extraction projects,” Durrant says.
“Their deep technical expertise and proven track record make them an outstanding partner, and this agreement gives us a strong operational foundation as we continue advancing our strategy.”
For Cosmos Exploration, this master services agreement follows one with one of Bolivia’s leading engineering, procurement, and construction management firms, CONSTRUCCIONES SEPCON.
Together, the two agreements have secured any upcoming engineering and technical services that may be required to support Cosmos Exploration’s lithium aspirations in Bolivia.
Concurrent to the VULTEC agreement, SEPCON will provide multidisciplinary engineering, field logistics, and construction services within Bolivia.
Vulcan Energy is building the world’s first integrated carbon neutral lithium and renewable energy business to decarbonise battery production.
The company is focused on advancing its Lionheart Project, located in the Upper Rhine Valley Brine Field between Germany and France, which is intended to be a ‘lighthouse project’ for Europe’s energy and critical raw material resilience.
In the mining industry, a lighthouse project refers to a ‘highly visible’ initiative that presents innovative technologies, sustainable practices, or new operational methods.
Vulcan began civil construction activities at the Lionheart Project last month, as reported by Mining.com.au.
Cosmos Exploration is an Australian critical minerals company advancing lithium brine projects in South America through its EAU Lithium subsidiary, leveraging Vulcan Energy’s proprietary direct lithium extraction technology.
Write to Maddison Elliott at Mining.com.au
Images: EAU Lithium
