Vulcan Energy (ASX:VUL) has signed a project deal with Canada’s NORAM Electrolysis Systems (NESI), which will provide technology to develop the Central Lithium Plant within the Lionheart Project in Germany.
The agreement is for two years and will include supply by NORAM for electrolysers, transformers and rectifiers.
NORAM will also provide engineering and installation support as well as performance guarantees under the terms of the agreement.
Vulcan CEO Cris Moreno said the partnership with NESI is crucial to the company’s plans to deliver a local, sustainable supply of lithium for European electric vehicles.
“The signing of the contract with NESI is an important step ahead of the construction of our Central Lithium Plant,” Moreno said.
“This is yet another milestone in our aim to deliver a local, low-cost source of sustainable lithium for European EV batteries.”
Vulcan Energy intends to produce sustainable, locally sourced lithium hydroxide for Europe’s battery and electric vehicle market.
Write to Dan Petrie at Mining.com.au
Images: Vulcan Energy
