Dec. 20 at 5:59 AM
$VULNF Vulcan is pleased to announce the signing of a €879m (~A
$1.45bn) conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for the financing of Vulcan's Phase One Lionheart Project.
The development is a significant step towards the financing of the Project, with the signed letter also including a credit pre-approved term sheet setting out the key terms and conditions of the proposed debt financing.
The continued and strong involvement of the European Investment Bank (EIB), Export Credit Agencies (ECAs) and commercial banks highlights the importance of Vulcan’s Project both to Europe’s critical raw materials supply chain resilience for electric vehicles, and to the European energy transition.
