Commencement of V-Li0N™ qualification process with offtake partners

Summary 

• Following discussions with offtake partners, and working with industry experts, the company has finalised a qualification strategy to pre-qualify its material prior to entering full commercial production, as a means of fast-tracking the start of sales of qualified, battery-quality lithium hydroxide monohydrate (LHM) material. This involved the production and dispatch of battery-quality LHM material, branded V-Li0N™, to offtake partners, from Vulcan’s qualification plant, prior to the full commercial plant completion and start of production.
• Previous internal and external lab analysis indicates that the company’s product is well within battery-quality specification. Further updates will be provided as qualification progresses through the various stages.
• Vulcan commenced production at its qualification plant, designated CLEOP, on 8 November 2024, and achieved first battery-quality V-Li0N™ on 13 January 2025.
• This V-Li0N™ product represents Europe’s first fully domestically produced battery-quality lithium hydroxide, from raw material to final product, an important milestone in securing Europe’s critical raw material supply chain resilience.
• The V-Li0N™ product was also produced using sustainable methods, including A-DLE for extraction and fully electrified production of LHM using electrolysis. It was sourced from deep, heated brines, with a co-product of geothermal renewable energy production for local communities.

Managing Director and CEO, Cris Moreno, commented:

“The finalisation of our product qualification strategy is an important step in our aim to produce Europe’s first fully domestically produced battery-quality LHM. Our discussions with offtake partners and industry experts continue to be constructive and the process towards full product qualification is progressing well.

“The qualification process represents a key moment in securing Europe's critical raw material supply chain resilience.”