Lithium aspirant Vulcan hopeful of $825m European loan

London | ASX-listed lithium aspirant Vulcan Energy Resources is poised to score a €500 million ($825 million) loan from the European Investment Bank, as the company looks to raise up to €1.8 billion to get its major project in Germany operational.

Vulcan executive chairman Francis Wedin said public support such as the loan Vulcan is now expecting from the EIB could help get the long-anticipated domestic European lithium industry up and running.