View Future GrowthVulcan Energy Resources 過去の業績過去 基準チェック /06Vulcan Energy Resourcesの収益は年間平均-35.5%の割合で減少していますが、 Metals and Mining業界の収益は年間 減少しています。収益は年間1.1% 24.5%割合で 増加しています。主要情報-35.52%収益成長率-19.95%EPS成長率Metals and Mining 業界の成長29.18%収益成長率24.51%株主資本利益率-8.12%ネット・マージン-946.60%次回の業績アップデート11 Sep 2026最近の業績更新お知らせ • Jan 30+ 1 more updateVulcan Energy Resources Limited to Report Fiscal Year 2025 Results on Mar 30, 2026Vulcan Energy Resources Limited announced that they will report fiscal year 2025 results on Mar 30, 2026Reported Earnings • Sep 15First half 2024 earnings released: €0.11 loss per share (vs €0.10 loss in 1H 2023)First half 2024 results: €0.11 loss per share (further deteriorated from €0.10 loss in 1H 2023). Revenue: €13.1m (up 24% from 1H 2023). Net loss: €19.3m (loss widened 24% from 1H 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.お知らせ • Sep 13+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2024 Final Results on Mar 28, 2025Vulcan Energy Resources Limited announced that they will report fiscal year 2024 final results on Mar 28, 2025Reported Earnings • Mar 29Full year 2023 earnings released: €0.17 loss per share (vs €0.19 loss in FY 2022)Full year 2023 results: €0.17 loss per share. Revenue: €33.8m (up 138% from FY 2022). Net loss: €27.0m (flat on FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe.お知らせ • Jan 29+ 1 more updateVulcan Energy Resources Limited to Report Q1, 2025 Results on Oct 29, 2024Vulcan Energy Resources Limited announced that they will report Q1, 2025 results on Oct 29, 2024お知らせ • Oct 28+ 2 more updatesVulcan Energy Resources Limited to Report Q3, 2024 Results on Apr 27, 2024Vulcan Energy Resources Limited announced that they will report Q3, 2024 results on Apr 27, 2024すべての更新を表示Recent updatesお知らせ • Mar 21Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2026Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2026.お知らせ • Jan 30+ 1 more updateVulcan Energy Resources Limited to Report Fiscal Year 2025 Results on Mar 30, 2026Vulcan Energy Resources Limited announced that they will report fiscal year 2025 results on Mar 30, 2026お知らせ • Jan 22Vulcan Energy Resources Limited Successful Production Test Results from First New Lionheart WellVulcan Energy Resources Limited has announced successful production test results from its first new Lionheart well, LSC-1bsidetrack, as part of the Phase One Lionheart Project Field Development Plan (FDP) in Germany’s Upper Rhine Valley Brine Field. The production test confirmed strong well deliverability, with a potential production capacity range of 105 to 125 liters per second (l/s), supporting the Phase One FDP's average well production of approximately 84 to 94 l/s. This development enhances confidence in the subsurface conditions and supports the ongoing construction and execution of the project, which aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually by 2028. The project is fully funded following the securing of project financing in December 2025 and is expected to provide a strategic source of lithium for the European battery and electric vehicle industry.Breakeven Date Change • Jan 10Forecast to breakeven in 2028The 4 analysts covering Vulcan Energy Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €16.8m in 2028. Average annual earnings growth of 40% is required to achieve expected profit on schedule.お知らせ • Dec 04Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.073309 billion.Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.073309 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 61,327,226 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 116,000,000 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 58,000,000 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,000,000 Price\Range: AUD 4 Transaction Features: Rights Offering; Subsequent Direct Listingお知らせ • Jul 11Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 53.6 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 53.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,764,706 Price\Range: AUD 3.4 Discount Per Security: AUD 0.119 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: AUD 3.4 Transaction Features: Subsequent Direct Listingお知らせ • Jul 08Vulcan Energy Resources Limited Announces Update on Lithium Brine Resource EstimationVulcan Energy announced that following a 3D seismic survey, it has successfully completed an updated lithium brine Resource estimation, together with a maiden geothermal energy Resource estimation, for the Mannheim licence area of Germany's Upper Rhine Valley Brine Field (URVBF). The lithium brine Resource estimation update for the Mannheim sector estimates the total lithium brine Resource (Indicated and Inferred) has increased from 1,833kt LCE @ 153 mg/Li to 3,225kt LCE @ 155 mg/Li, which is an increase of 1,392kt LCE. A large-scale in place maiden geothermal Resource of 2,848 PJ (Indicated) and 10,539 PJ (Inferred) has also been estimated for the Mannheim sector of which 171 PJ (Indicated) and 377 PJ (Inferred) are considered recoverable. The Company intends to continue to complete geothermal energy Resource estimations under the Australian Geothermal Reporting Code for all its development areas within the URVBF, to better assist with investors' understanding of the scale of the URVBF geothermal potential. Vulcan is progressing a Scoping Study for the Mannheim licence which is located 40km to the northeast of Phase One. The study will look to add further production in addition to the Phase One integrated lithium and geothermal renewable energy development including expansion of the downstream lithium hydroxide monohydrate (LHM) facility in Industrie-Park Hochst. It is envisaged Vulcan will deliver baseload geothermal heat from the Mannheim region geothermal resource to the district heating network of MVV Energie AG (MVV), one of Germany's leading energy companies, while simultaneously extracting sustainable lithium for EV battery production. This lithium brine Resource estimation update, and maiden geothermal energy Resource estimates, both for the Mannheim region of Germany's URVBF, is based on a Competent Person's Report prepared by GLJ Ltd. as Competent Person (CP) for the Company (Report). The Mineral Resource Estimation for the Indicated Resource classification is 820 kt LCE and for the Inferred Resource classification is 2,405 kt LCE for the Mannheim licence per Table 1. The report provides the reporting of Geothermal Resource estimation for the Mannheim licence area, in accordance with the Australian Code for Reporting of Exploration Results, Geothermal Resources and Geothermal Reserves, ("Geothermal Reporting Code" or "GRC"), Second Edition (2010), developed by the Joint Committee of the Australian Geothermal Energy Group ("AGEG") and the Australian Geothermal Energy Association ("AGEA") as well as the supporting Geothermal Lexicon for Resources and Reserves Definition and Reporting ("Geothermal Lexicon"), Edition 2, compiled by Lawless, J. for The Geothermal Code Committee. Additionally, due to newly acquired data in the Mannheim licence area, there is an update provided on Lithium Mineral Resource estimation for the Mannheim license in this announcement. Geothermal Resource Estimation is reported for the Mannheim licence, which is part of a future phase of development, described as Mannheim Sector or Mannheim licence area in the report. Phase One of the Project plans for a central surface facility for geothermal energy and lithium extraction, where the integrated facilities are referred to as the geothermal and lithium extraction plant ("GLEP"), which will be fed from a number of multi-well pads. The information in this announcement that relates to estimates of Mineral Resources (other than the update to the Mannheim region of the URVBF as contained in this announcement) and Ore Reserves is extracted from the following ASX announcement: Zero Carbon Lithium Lithium Lithium LithiumTM Project Phase One Briding Project Phase One Briding Project plans for the Mannheim licence area.お知らせ • Mar 18Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2025Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2025.New Risk • Jan 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 69% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 69% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€155m net loss in 2 years). Shareholders have been diluted in the past year (9.4% increase in shares outstanding).お知らせ • Dec 19Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 154.084583 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 154.084583 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 26,339,245 Price\Range: AUD 5.85 Discount Per Security: AUD 0.117 Transaction Features: Subsequent Direct Listingお知らせ • Dec 11+ 1 more updateVulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 154.102496 million.Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 154.102496 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 26,342,307 Price\Range: AUD 5.85 Discount Per Security: AUD 0.117お知らせ • Nov 27Vulcan Energy Announces Board and Committee Changes, Effective January 1, 2025As part of the evolution of the Company Board, Vulcan Energy announced planned changes to its Company Board and committees effective 1 January 2025. Felicity Gooding will be appointed as Executive Director, in addition to her role as Group Chief Financial Officer. A senior finance executive with 20 years' experience and extensive listed company director experience, Ms Gooding joined the Company in January 2024, responsible for the Company's corporate services, including steering the Phase One debt and project-level equity financing. Angus Barker, Non-Executive Director, will be appointed as Lead Independent Director and Deputy Chair. Mr. Barker, an experienced director with a strong background in corporate finance and public company boards, joined the Board as Non-Executive Director in September 2024. As Lead Independent Director and Deputy Chair, he will represent the Board when Executive Chair, Francis Wedin, is unable to do so, and act as the principal liaison between independent directors, company executives, investors and other stakeholders, and Dr. Wedin. Mr. Barker will also assume the role of Chair of the People and Performance Committee (PPC), along with non-executive directors Josephine Bush and Dr. Günter Hilken who will also be appointed as new PPC members, and replace Ranya Alkadamani as Chair of the Nominations Committee. Mr. Barker will also join the Audit, Risk and Environmental, Social and Governance (ARESG) Committee, which is chaired by Josephine Bush.お知らせ • Sep 27Vulcan Energy Resources Limited (ASX:VUL) entered into a 100% conditional acquisition of Geox GmbH from Ikav Invest S.À R.L. for €15 million.Vulcan Energy Resources Limited (ASX:VUL) entered into a 100% conditional acquisition of Geox GmbH from Ikav Invest S.À R.L. for €15 million on September 27, 2024. The consideration will be paid in cash, with payments to be made at the earlier of June 30, 2025 or when Vulcan has raised funding for Phase One of the ZERO CARBON LITHIUM Project. Acquisition of the assets will allow for the streamlining and consolidation of the remaining upstream production assets of the Project into 100% Vulcan ownership and replaces an existing Joint Venture agreement and brine offtake agreement with Geox. The transaction is subject to regulatory and customary closing conditions, such as garnering approval from the Foreign Direct Investment Approval from the German Federal Ministry for Economic Affairs and Climate ActionReported Earnings • Sep 15First half 2024 earnings released: €0.11 loss per share (vs €0.10 loss in 1H 2023)First half 2024 results: €0.11 loss per share (further deteriorated from €0.10 loss in 1H 2023). Revenue: €13.1m (up 24% from 1H 2023). Net loss: €19.3m (loss widened 24% from 1H 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€33m net loss in 3 years). Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding).お知らせ • Sep 13+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2024 Final Results on Mar 28, 2025Vulcan Energy Resources Limited announced that they will report fiscal year 2024 final results on Mar 28, 2025お知らせ • Jun 14Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 65.28 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 65.28 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,000,000 Price\Range: AUD 4.08 Discount Per Security: AUD 0.072624 Transaction Features: Subsequent Direct Listingお知らせ • Jun 05Kuniko Limited has filed a Follow-on Equity Offering in the amount of €40 million.Kuniko Limited has filed a Follow-on Equity Offering in the amount of €40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,000,000 Price\Range: €2.5 Transaction Features: Subsequent Direct ListingReported Earnings • Mar 29Full year 2023 earnings released: €0.17 loss per share (vs €0.19 loss in FY 2022)Full year 2023 results: €0.17 loss per share. Revenue: €33.8m (up 138% from FY 2022). Net loss: €27.0m (flat on FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe.お知らせ • Mar 19Vulcan Energy Resources Limited, Annual General Meeting, May 24, 2024Vulcan Energy Resources Limited, Annual General Meeting, May 24, 2024.お知らせ • Jan 31Vulcan Energy Announces Retirement of Mark Skelton as Non-Executive Director, Effective from February 1, 2024Vulcan Energy Resources has reported that Mark Skelton will retire from the Board as a non-executive director of the Company effective February 1, 2024. Mr. Skelton joined the Board of Vulcan in April 2022 whilst the Company was evolving from a development company into a project execution company. During his time on the Board, Mr. Skelton contributed to building a strong executive leadership team across Vulcan, and specifically, the build-out of the project execution team, which has already made significant strides with completion of the construction of the Lithium Extraction and Optimisation Plant. As the Company moves towards Phase One execution, the Projects Oversight Committee, constituted of members Dr. Heidi Grön and Dr. Günter Hilken who both have significant chemical plant construction expertise, will be chaired by Dr. Hilken, to reflect the German-centric focus of project execution-related risk governance during the next phase of the Company's growth.お知らせ • Jan 29+ 1 more updateVulcan Energy Resources Limited to Report Q1, 2025 Results on Oct 29, 2024Vulcan Energy Resources Limited announced that they will report Q1, 2025 results on Oct 29, 2024お知らせ • Jan 15Vulcan Energy Resources Limited Announces CFO ChangesVulcan Energy Resources Limited announced that Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group. Ms Gooding is a Senior Finance executive and leader with over 20 years' experience in strategic and financial analysis, debt funding (including acting as joint project leader in obtaining expansion finance for Fortescue Limited totalling $3.5 billion), corporate finance, mergers and acquisitions, management and financial accounting and governance within Australia, Singapore, London and Washington DC. Her experience has been gained across multiple industries relevant to Vulcan including energy, mining and infrastructure, including most recently as CFO and Global Head of Commercial at Fortescue Future Industries, where she led the finance team, including the specialist project financing team responsible for securing finance to enable financial investment decisions for green energy projects. Prior to this, Ms Gooding was the Deputy CEO at the Minderoo Foundation and Chief Operating Officer and CFO of both the Minderoo Foundation and Tatterang, Andrew and Nicola Forrest's private family office and investment vehicle. She has significant director experience, having served on the boards of Poseidon Nickel, the Freedom Fund, Impact Minerals Limited, and Zhero BV 1, among others. Ms Gooding is also a fellow of the Australian Institute of Chartered Accountants and a member of the Australian Institute of Company Directors. Ms Gooding's extensive experience with large-scale financing will assist the Company during the financing of the multiple phases of Vulcan's Zero Carbon LithiumTM Project, of which Phase 1 financing is already under way, and is an opportune appointment at the current stage of the Company's development. As part of the planned change reflective of the stage of the Company's growth, Mr. Robert Ierace will step down from his role as CFO-Australia effective 15 January 2024, however he will remain with the Company until the end of March to assist Ms Gooding and ensure a smooth transition. The Company would like to take this opportunity to thank Mr. Ierace for his invaluable hard work and efforts during his tenure in which the Company has experienced significant growth and wishes him all the best in his future endeavours.New Risk • Dec 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€108m net loss in 3 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).New Risk • Nov 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€107m net loss in 3 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).New Risk • Nov 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€107m net loss in 3 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).お知らせ • Oct 28+ 2 more updatesVulcan Energy Resources Limited to Report Q3, 2024 Results on Apr 27, 2024Vulcan Energy Resources Limited announced that they will report Q3, 2024 results on Apr 27, 2024Reported Earnings • Sep 13First half 2023 earnings released: €0.10 loss per share (vs €0.095 loss in 1H 2022)First half 2023 results: €0.10 loss per share (further deteriorated from €0.095 loss in 1H 2022). Revenue: €12.1m (up 133% from 1H 2022). Net loss: €15.6m (loss widened 24% from 1H 2022). Revenue is forecast to grow 77% p.a. on average during the next 5 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.お知らせ • Aug 19+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024Vulcan Energy Resources Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024Buying Opportunity • Aug 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be €2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 112% over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 75% per annum. Earnings is also forecast to grow by 41% per annum over the same time period.お知らせ • Jun 30+ 1 more updateVulcan Energy Resources Limited Appoints Cris Moreno as CEOVulcan Energy Resources Limited announced that Mr. Cris Moreno, Deputy CEO since 2022, and with 20 years of global experience delivering major capital projects in the energy and chemicals sector, including recent success in leading "green" scale up companies into commercial production, has been appointed to CEO. Since 1 November 2022, Mr. Moreno has been instrumental in successfully transitioning Vulcan from a development company to an integrated project development, execution and production company. Mr. Moreno has leveraged his expertise from the energy and chemicals industry with over 20 years of global experience in successfully delivering major, unique and challenging capital projects, including in the lithium chemicals, cathode and LNG sectors. In the LNG sector, Mr. Moreno held leadership roles with Santos, Woodside, and Shell, including working on the Browse, Gorgon and Prelude LNG projects, with experience mainly in the execution phase, financially responsible for budgets over USD 1 billion and leading teams of up to 1,000 personnel. Prior to joining Vulcan last year, Mr. Moreno worked in the lithium chemicals and battery cathode sector in Europe, as Senior Director Programs for Northvolt -Cathode Active Material (CAM) Business Unit, and Vice President - Engineering and Development for Aurora Lithium, Northvolt's lithium hydroxide refinery Joint Venture with Galp in Europe. Mr. Moreno's experience in driving downstream lithium chemicals projects and the synergies of Vulcan's project to integrated upstream and downstream oil and gas projects makes him ideally suited to drive Vulcan forward during the Company's next phase toward commercial production of carbon neutral lithium and renewable energy.Recent Insider Transactions • Jun 08Non-Executive Chairman recently bought €83k worth of stockOn the 2nd of June, Gavin Rezos bought around 37k shares on-market at roughly €2.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months.お知らせ • Feb 13Vulcan Energy Resources Limited Announces Results of Definitive Feasibility Study of Vulcan's Zero Carbon LithiumTM ProjectVulcan Energy Resources Limited announced the results of its Definitive Feasibility Study (DFS) for Phase One of Vulcan's Zero Carbon LithiumTM Project. Vulcan aims to be the integrated lithium chemicals and renewable energy producer with net zero greenhouse gas emissions. Vulcan Energy Resources Ltd. (‘Vulcan’, ‘the Company’) has conducted a Definitive Feasibility Study (‘DFS’) on the Phase One planned commercial development of its Zero Carbon LithiumTM Project (‘the Project’), which is a combined geothermal energy (heat and power), lithium extraction and lithium hydroxide refining Project in the Upper Rhine Valley Brine Field (‘URVBF’). The URVBF, a hot, deep sub- surface geothermal brine field, is enriched in lithium, and Vulcan's Project is developing dual production of renewable energy and lithium from the same deep brine source. Vulcan aims to produce approximately 24,000 tonnes per annum (tpa) lithium hydroxide monohydrate (LHM) from its Phase One development, as well as over 300 GWh of power and over 250 GWh of renewable heat production. The DFS was conducted on the sub-surface geology, field development planning, Resource and Reserve estimation, surface piping infrastructure, and geothermal plant, Lithium Extraction Plant (LEP), and Central Lithium (hydroxide) Plant (CLP) engineering and design. Vulcan's in-house team of geologists and reservoir engineers lead the sub-surface work, with review, audit and sign-off of Resources and Reserves by energy industry specialists GLJ Ltd., partnered with lithium brine specialists Groundwater Insight. Vulcan's in-house engineering team led the work on the surface piping and geothermal plant design. Hatch Ltd. led the work on the LEP and CLP engineering and design, guided by Vulcan's in-house lithium chemistry and chemical engineering team, and backed up by thousands of hours of test-work from Vulcan's lithium extraction pilot plants, as well as laboratory test-work both internally and externally. The purpose of the DFS is to provide the Company with a decision tool to move the Project to the next phase of development, through bridging engineering, to execution and construction. Phase One targeted production: · Target of 24,000tpa of Lithium Hydroxide Monohydrate (LHM) production 21. · Target of >300GWh of renewable power and >250GWh of renewable heat produced each year 22. Vital project for Germany, the EU auto industry, and the European energy transition. In the Upper Rhine Valley Brine Field, in Rhineland-Palatinate for geothermal and lithium extraction, and in Frankfurt for lithium conversion. Targeted start of construction in H2 2023 (drilling to increase geothermal brine production) Targeted start of lithium production in late 2025 23. Growing team: 280 in-house personnel working for Vulcan. Project financing planned to commence through debt and equity. Integrated execution plan using VUL expertise together with multiple experienced partner companies.Buying Opportunity • Feb 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.9%. The fair value is estimated to be €6.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 147% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 56% per annum. Earnings is also forecast to grow by 45% per annum over the same time period.Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Founder, MD, CEO & Director Francis Edward Wedin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Apr 27High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Founder, MD, CEO & Director Francis Edward Wedin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • Dec 20Non-Executive Chairman recently sold €4.8m worth of stockOn the 17th of December, Gavin Rezos sold around 727k shares on-market at roughly €6.57 per share. This was the largest sale by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months.Executive Departure • Mar 26In-Country Principal & Executive Director has left the companyOn the 25th of March, Horst Kreuter's tenure in the role of In-Country Principal & Executive Director ended. As of December 2020, Horst personally held 553.33k shares (€968k worth at the time). A total of 3 executives have left over the last 12 months.Recent Insider Transactions • Jan 16Insider recently bought €2.8m worth of stockOn the 15th of January, John Hancock bought around 5m shares on-market at roughly €0.54 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.2m more in shares than they have sold in the last 12 months.Is New 90 Day High Low • Dec 29New 90-day high: €1.72The company is up 142% from its price of €0.71 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period.Is New 90 Day High Low • Dec 11New 90-day high: €1.64The company is up 150% from its price of €0.66 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period.Is New 90 Day High Low • Nov 10New 90-day high: €0.91The company is up 169% from its price of €0.34 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.Is New 90 Day High Low • Sep 28New 90-day high: €0.69The company is up 107% from its price of €0.33 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period.収支内訳Vulcan Energy Resources の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:VUL 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 257-7023030 Sep 258-6227030 Jun 2521-5442031 Mar 2521-4840031 Dec 248-4227030 Sep 2413-3728030 Jun 2419-3130031 Mar 2422-2931031 Dec 2326-2732030 Jun 2318-2923031 Mar 2315-2821031 Dec 2212-2620030 Jun 227-1920031 Mar 225-1416031 Dec 213-1012030 Sep 211-89030 Jun 217-1920031 Mar 214-1212031 Dec 200-55030 Sep 200-33030 Jun 200-22031 Mar 200-21031 Dec 190-11030 Sep 190-11030 Jun 190-100質の高い収益: VULは現在利益が出ていません。利益率の向上: VULは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: VULは利益が出ておらず、過去 5 年間で損失は年間35.5%の割合で増加しています。成長の加速: VULの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: VULは利益が出ていないため、過去 1 年間の収益成長をMetals and Mining業界 ( 25% ) と比較することは困難です。株主資本利益率高いROE: VULは現在利益が出ていないため、自己資本利益率 ( -8.12% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMaterials 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 22:32終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vulcan Energy Resources Limited 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Stuart HoweBell PotterAndres Castanos-MollorBerenbergTimothy HoffCanaccord Genuity1 その他のアナリストを表示
お知らせ • Jan 30+ 1 more updateVulcan Energy Resources Limited to Report Fiscal Year 2025 Results on Mar 30, 2026Vulcan Energy Resources Limited announced that they will report fiscal year 2025 results on Mar 30, 2026
Reported Earnings • Sep 15First half 2024 earnings released: €0.11 loss per share (vs €0.10 loss in 1H 2023)First half 2024 results: €0.11 loss per share (further deteriorated from €0.10 loss in 1H 2023). Revenue: €13.1m (up 24% from 1H 2023). Net loss: €19.3m (loss widened 24% from 1H 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.
お知らせ • Sep 13+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2024 Final Results on Mar 28, 2025Vulcan Energy Resources Limited announced that they will report fiscal year 2024 final results on Mar 28, 2025
Reported Earnings • Mar 29Full year 2023 earnings released: €0.17 loss per share (vs €0.19 loss in FY 2022)Full year 2023 results: €0.17 loss per share. Revenue: €33.8m (up 138% from FY 2022). Net loss: €27.0m (flat on FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Jan 29+ 1 more updateVulcan Energy Resources Limited to Report Q1, 2025 Results on Oct 29, 2024Vulcan Energy Resources Limited announced that they will report Q1, 2025 results on Oct 29, 2024
お知らせ • Oct 28+ 2 more updatesVulcan Energy Resources Limited to Report Q3, 2024 Results on Apr 27, 2024Vulcan Energy Resources Limited announced that they will report Q3, 2024 results on Apr 27, 2024
お知らせ • Mar 21Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2026Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2026.
お知らせ • Jan 30+ 1 more updateVulcan Energy Resources Limited to Report Fiscal Year 2025 Results on Mar 30, 2026Vulcan Energy Resources Limited announced that they will report fiscal year 2025 results on Mar 30, 2026
お知らせ • Jan 22Vulcan Energy Resources Limited Successful Production Test Results from First New Lionheart WellVulcan Energy Resources Limited has announced successful production test results from its first new Lionheart well, LSC-1bsidetrack, as part of the Phase One Lionheart Project Field Development Plan (FDP) in Germany’s Upper Rhine Valley Brine Field. The production test confirmed strong well deliverability, with a potential production capacity range of 105 to 125 liters per second (l/s), supporting the Phase One FDP's average well production of approximately 84 to 94 l/s. This development enhances confidence in the subsurface conditions and supports the ongoing construction and execution of the project, which aims to produce 24,000 tonnes of lithium hydroxide monohydrate annually by 2028. The project is fully funded following the securing of project financing in December 2025 and is expected to provide a strategic source of lithium for the European battery and electric vehicle industry.
Breakeven Date Change • Jan 10Forecast to breakeven in 2028The 4 analysts covering Vulcan Energy Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €16.8m in 2028. Average annual earnings growth of 40% is required to achieve expected profit on schedule.
お知らせ • Dec 04Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.073309 billion.Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.073309 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 61,327,226 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 116,000,000 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 58,000,000 Price\Range: AUD 4 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,000,000 Price\Range: AUD 4 Transaction Features: Rights Offering; Subsequent Direct Listing
お知らせ • Jul 11Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 53.6 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 53.6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 5,764,706 Price\Range: AUD 3.4 Discount Per Security: AUD 0.119 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 10,000,000 Price\Range: AUD 3.4 Transaction Features: Subsequent Direct Listing
お知らせ • Jul 08Vulcan Energy Resources Limited Announces Update on Lithium Brine Resource EstimationVulcan Energy announced that following a 3D seismic survey, it has successfully completed an updated lithium brine Resource estimation, together with a maiden geothermal energy Resource estimation, for the Mannheim licence area of Germany's Upper Rhine Valley Brine Field (URVBF). The lithium brine Resource estimation update for the Mannheim sector estimates the total lithium brine Resource (Indicated and Inferred) has increased from 1,833kt LCE @ 153 mg/Li to 3,225kt LCE @ 155 mg/Li, which is an increase of 1,392kt LCE. A large-scale in place maiden geothermal Resource of 2,848 PJ (Indicated) and 10,539 PJ (Inferred) has also been estimated for the Mannheim sector of which 171 PJ (Indicated) and 377 PJ (Inferred) are considered recoverable. The Company intends to continue to complete geothermal energy Resource estimations under the Australian Geothermal Reporting Code for all its development areas within the URVBF, to better assist with investors' understanding of the scale of the URVBF geothermal potential. Vulcan is progressing a Scoping Study for the Mannheim licence which is located 40km to the northeast of Phase One. The study will look to add further production in addition to the Phase One integrated lithium and geothermal renewable energy development including expansion of the downstream lithium hydroxide monohydrate (LHM) facility in Industrie-Park Hochst. It is envisaged Vulcan will deliver baseload geothermal heat from the Mannheim region geothermal resource to the district heating network of MVV Energie AG (MVV), one of Germany's leading energy companies, while simultaneously extracting sustainable lithium for EV battery production. This lithium brine Resource estimation update, and maiden geothermal energy Resource estimates, both for the Mannheim region of Germany's URVBF, is based on a Competent Person's Report prepared by GLJ Ltd. as Competent Person (CP) for the Company (Report). The Mineral Resource Estimation for the Indicated Resource classification is 820 kt LCE and for the Inferred Resource classification is 2,405 kt LCE for the Mannheim licence per Table 1. The report provides the reporting of Geothermal Resource estimation for the Mannheim licence area, in accordance with the Australian Code for Reporting of Exploration Results, Geothermal Resources and Geothermal Reserves, ("Geothermal Reporting Code" or "GRC"), Second Edition (2010), developed by the Joint Committee of the Australian Geothermal Energy Group ("AGEG") and the Australian Geothermal Energy Association ("AGEA") as well as the supporting Geothermal Lexicon for Resources and Reserves Definition and Reporting ("Geothermal Lexicon"), Edition 2, compiled by Lawless, J. for The Geothermal Code Committee. Additionally, due to newly acquired data in the Mannheim licence area, there is an update provided on Lithium Mineral Resource estimation for the Mannheim license in this announcement. Geothermal Resource Estimation is reported for the Mannheim licence, which is part of a future phase of development, described as Mannheim Sector or Mannheim licence area in the report. Phase One of the Project plans for a central surface facility for geothermal energy and lithium extraction, where the integrated facilities are referred to as the geothermal and lithium extraction plant ("GLEP"), which will be fed from a number of multi-well pads. The information in this announcement that relates to estimates of Mineral Resources (other than the update to the Mannheim region of the URVBF as contained in this announcement) and Ore Reserves is extracted from the following ASX announcement: Zero Carbon Lithium Lithium Lithium LithiumTM Project Phase One Briding Project Phase One Briding Project plans for the Mannheim licence area.
お知らせ • Mar 18Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2025Vulcan Energy Resources Limited, Annual General Meeting, May 28, 2025.
New Risk • Jan 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 69% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 69% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€155m net loss in 2 years). Shareholders have been diluted in the past year (9.4% increase in shares outstanding).
お知らせ • Dec 19Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 154.084583 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 154.084583 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 26,339,245 Price\Range: AUD 5.85 Discount Per Security: AUD 0.117 Transaction Features: Subsequent Direct Listing
お知らせ • Dec 11+ 1 more updateVulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 154.102496 million.Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 154.102496 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 26,342,307 Price\Range: AUD 5.85 Discount Per Security: AUD 0.117
お知らせ • Nov 27Vulcan Energy Announces Board and Committee Changes, Effective January 1, 2025As part of the evolution of the Company Board, Vulcan Energy announced planned changes to its Company Board and committees effective 1 January 2025. Felicity Gooding will be appointed as Executive Director, in addition to her role as Group Chief Financial Officer. A senior finance executive with 20 years' experience and extensive listed company director experience, Ms Gooding joined the Company in January 2024, responsible for the Company's corporate services, including steering the Phase One debt and project-level equity financing. Angus Barker, Non-Executive Director, will be appointed as Lead Independent Director and Deputy Chair. Mr. Barker, an experienced director with a strong background in corporate finance and public company boards, joined the Board as Non-Executive Director in September 2024. As Lead Independent Director and Deputy Chair, he will represent the Board when Executive Chair, Francis Wedin, is unable to do so, and act as the principal liaison between independent directors, company executives, investors and other stakeholders, and Dr. Wedin. Mr. Barker will also assume the role of Chair of the People and Performance Committee (PPC), along with non-executive directors Josephine Bush and Dr. Günter Hilken who will also be appointed as new PPC members, and replace Ranya Alkadamani as Chair of the Nominations Committee. Mr. Barker will also join the Audit, Risk and Environmental, Social and Governance (ARESG) Committee, which is chaired by Josephine Bush.
お知らせ • Sep 27Vulcan Energy Resources Limited (ASX:VUL) entered into a 100% conditional acquisition of Geox GmbH from Ikav Invest S.À R.L. for €15 million.Vulcan Energy Resources Limited (ASX:VUL) entered into a 100% conditional acquisition of Geox GmbH from Ikav Invest S.À R.L. for €15 million on September 27, 2024. The consideration will be paid in cash, with payments to be made at the earlier of June 30, 2025 or when Vulcan has raised funding for Phase One of the ZERO CARBON LITHIUM Project. Acquisition of the assets will allow for the streamlining and consolidation of the remaining upstream production assets of the Project into 100% Vulcan ownership and replaces an existing Joint Venture agreement and brine offtake agreement with Geox. The transaction is subject to regulatory and customary closing conditions, such as garnering approval from the Foreign Direct Investment Approval from the German Federal Ministry for Economic Affairs and Climate Action
Reported Earnings • Sep 15First half 2024 earnings released: €0.11 loss per share (vs €0.10 loss in 1H 2023)First half 2024 results: €0.11 loss per share (further deteriorated from €0.10 loss in 1H 2023). Revenue: €13.1m (up 24% from 1H 2023). Net loss: €19.3m (loss widened 24% from 1H 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings.
New Risk • Sep 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€33m net loss in 3 years). Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding).
お知らせ • Sep 13+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2024 Final Results on Mar 28, 2025Vulcan Energy Resources Limited announced that they will report fiscal year 2024 final results on Mar 28, 2025
お知らせ • Jun 14Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 65.28 million.Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 65.28 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,000,000 Price\Range: AUD 4.08 Discount Per Security: AUD 0.072624 Transaction Features: Subsequent Direct Listing
お知らせ • Jun 05Kuniko Limited has filed a Follow-on Equity Offering in the amount of €40 million.Kuniko Limited has filed a Follow-on Equity Offering in the amount of €40 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 16,000,000 Price\Range: €2.5 Transaction Features: Subsequent Direct Listing
Reported Earnings • Mar 29Full year 2023 earnings released: €0.17 loss per share (vs €0.19 loss in FY 2022)Full year 2023 results: €0.17 loss per share. Revenue: €33.8m (up 138% from FY 2022). Net loss: €27.0m (flat on FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe.
お知らせ • Mar 19Vulcan Energy Resources Limited, Annual General Meeting, May 24, 2024Vulcan Energy Resources Limited, Annual General Meeting, May 24, 2024.
お知らせ • Jan 31Vulcan Energy Announces Retirement of Mark Skelton as Non-Executive Director, Effective from February 1, 2024Vulcan Energy Resources has reported that Mark Skelton will retire from the Board as a non-executive director of the Company effective February 1, 2024. Mr. Skelton joined the Board of Vulcan in April 2022 whilst the Company was evolving from a development company into a project execution company. During his time on the Board, Mr. Skelton contributed to building a strong executive leadership team across Vulcan, and specifically, the build-out of the project execution team, which has already made significant strides with completion of the construction of the Lithium Extraction and Optimisation Plant. As the Company moves towards Phase One execution, the Projects Oversight Committee, constituted of members Dr. Heidi Grön and Dr. Günter Hilken who both have significant chemical plant construction expertise, will be chaired by Dr. Hilken, to reflect the German-centric focus of project execution-related risk governance during the next phase of the Company's growth.
お知らせ • Jan 29+ 1 more updateVulcan Energy Resources Limited to Report Q1, 2025 Results on Oct 29, 2024Vulcan Energy Resources Limited announced that they will report Q1, 2025 results on Oct 29, 2024
お知らせ • Jan 15Vulcan Energy Resources Limited Announces CFO ChangesVulcan Energy Resources Limited announced that Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group. Ms Gooding is a Senior Finance executive and leader with over 20 years' experience in strategic and financial analysis, debt funding (including acting as joint project leader in obtaining expansion finance for Fortescue Limited totalling $3.5 billion), corporate finance, mergers and acquisitions, management and financial accounting and governance within Australia, Singapore, London and Washington DC. Her experience has been gained across multiple industries relevant to Vulcan including energy, mining and infrastructure, including most recently as CFO and Global Head of Commercial at Fortescue Future Industries, where she led the finance team, including the specialist project financing team responsible for securing finance to enable financial investment decisions for green energy projects. Prior to this, Ms Gooding was the Deputy CEO at the Minderoo Foundation and Chief Operating Officer and CFO of both the Minderoo Foundation and Tatterang, Andrew and Nicola Forrest's private family office and investment vehicle. She has significant director experience, having served on the boards of Poseidon Nickel, the Freedom Fund, Impact Minerals Limited, and Zhero BV 1, among others. Ms Gooding is also a fellow of the Australian Institute of Chartered Accountants and a member of the Australian Institute of Company Directors. Ms Gooding's extensive experience with large-scale financing will assist the Company during the financing of the multiple phases of Vulcan's Zero Carbon LithiumTM Project, of which Phase 1 financing is already under way, and is an opportune appointment at the current stage of the Company's development. As part of the planned change reflective of the stage of the Company's growth, Mr. Robert Ierace will step down from his role as CFO-Australia effective 15 January 2024, however he will remain with the Company until the end of March to assist Ms Gooding and ensure a smooth transition. The Company would like to take this opportunity to thank Mr. Ierace for his invaluable hard work and efforts during his tenure in which the Company has experienced significant growth and wishes him all the best in his future endeavours.
New Risk • Dec 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€108m net loss in 3 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).
New Risk • Nov 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€107m net loss in 3 years). Shareholders have been diluted in the past year (20% increase in shares outstanding).
New Risk • Nov 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€105m free cash flow). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€107m net loss in 3 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding).
お知らせ • Oct 28+ 2 more updatesVulcan Energy Resources Limited to Report Q3, 2024 Results on Apr 27, 2024Vulcan Energy Resources Limited announced that they will report Q3, 2024 results on Apr 27, 2024
Reported Earnings • Sep 13First half 2023 earnings released: €0.10 loss per share (vs €0.095 loss in 1H 2022)First half 2023 results: €0.10 loss per share (further deteriorated from €0.095 loss in 1H 2022). Revenue: €12.1m (up 133% from 1H 2022). Net loss: €15.6m (loss widened 24% from 1H 2022). Revenue is forecast to grow 77% p.a. on average during the next 5 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings.
お知らせ • Aug 19+ 2 more updatesVulcan Energy Resources Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024Vulcan Energy Resources Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024
Buying Opportunity • Aug 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 26%. The fair value is estimated to be €2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 112% over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 75% per annum. Earnings is also forecast to grow by 41% per annum over the same time period.
お知らせ • Jun 30+ 1 more updateVulcan Energy Resources Limited Appoints Cris Moreno as CEOVulcan Energy Resources Limited announced that Mr. Cris Moreno, Deputy CEO since 2022, and with 20 years of global experience delivering major capital projects in the energy and chemicals sector, including recent success in leading "green" scale up companies into commercial production, has been appointed to CEO. Since 1 November 2022, Mr. Moreno has been instrumental in successfully transitioning Vulcan from a development company to an integrated project development, execution and production company. Mr. Moreno has leveraged his expertise from the energy and chemicals industry with over 20 years of global experience in successfully delivering major, unique and challenging capital projects, including in the lithium chemicals, cathode and LNG sectors. In the LNG sector, Mr. Moreno held leadership roles with Santos, Woodside, and Shell, including working on the Browse, Gorgon and Prelude LNG projects, with experience mainly in the execution phase, financially responsible for budgets over USD 1 billion and leading teams of up to 1,000 personnel. Prior to joining Vulcan last year, Mr. Moreno worked in the lithium chemicals and battery cathode sector in Europe, as Senior Director Programs for Northvolt -Cathode Active Material (CAM) Business Unit, and Vice President - Engineering and Development for Aurora Lithium, Northvolt's lithium hydroxide refinery Joint Venture with Galp in Europe. Mr. Moreno's experience in driving downstream lithium chemicals projects and the synergies of Vulcan's project to integrated upstream and downstream oil and gas projects makes him ideally suited to drive Vulcan forward during the Company's next phase toward commercial production of carbon neutral lithium and renewable energy.
Recent Insider Transactions • Jun 08Non-Executive Chairman recently bought €83k worth of stockOn the 2nd of June, Gavin Rezos bought around 37k shares on-market at roughly €2.27 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months.
お知らせ • Feb 13Vulcan Energy Resources Limited Announces Results of Definitive Feasibility Study of Vulcan's Zero Carbon LithiumTM ProjectVulcan Energy Resources Limited announced the results of its Definitive Feasibility Study (DFS) for Phase One of Vulcan's Zero Carbon LithiumTM Project. Vulcan aims to be the integrated lithium chemicals and renewable energy producer with net zero greenhouse gas emissions. Vulcan Energy Resources Ltd. (‘Vulcan’, ‘the Company’) has conducted a Definitive Feasibility Study (‘DFS’) on the Phase One planned commercial development of its Zero Carbon LithiumTM Project (‘the Project’), which is a combined geothermal energy (heat and power), lithium extraction and lithium hydroxide refining Project in the Upper Rhine Valley Brine Field (‘URVBF’). The URVBF, a hot, deep sub- surface geothermal brine field, is enriched in lithium, and Vulcan's Project is developing dual production of renewable energy and lithium from the same deep brine source. Vulcan aims to produce approximately 24,000 tonnes per annum (tpa) lithium hydroxide monohydrate (LHM) from its Phase One development, as well as over 300 GWh of power and over 250 GWh of renewable heat production. The DFS was conducted on the sub-surface geology, field development planning, Resource and Reserve estimation, surface piping infrastructure, and geothermal plant, Lithium Extraction Plant (LEP), and Central Lithium (hydroxide) Plant (CLP) engineering and design. Vulcan's in-house team of geologists and reservoir engineers lead the sub-surface work, with review, audit and sign-off of Resources and Reserves by energy industry specialists GLJ Ltd., partnered with lithium brine specialists Groundwater Insight. Vulcan's in-house engineering team led the work on the surface piping and geothermal plant design. Hatch Ltd. led the work on the LEP and CLP engineering and design, guided by Vulcan's in-house lithium chemistry and chemical engineering team, and backed up by thousands of hours of test-work from Vulcan's lithium extraction pilot plants, as well as laboratory test-work both internally and externally. The purpose of the DFS is to provide the Company with a decision tool to move the Project to the next phase of development, through bridging engineering, to execution and construction. Phase One targeted production: · Target of 24,000tpa of Lithium Hydroxide Monohydrate (LHM) production 21. · Target of >300GWh of renewable power and >250GWh of renewable heat produced each year 22. Vital project for Germany, the EU auto industry, and the European energy transition. In the Upper Rhine Valley Brine Field, in Rhineland-Palatinate for geothermal and lithium extraction, and in Frankfurt for lithium conversion. Targeted start of construction in H2 2023 (drilling to increase geothermal brine production) Targeted start of lithium production in late 2025 23. Growing team: 280 in-house personnel working for Vulcan. Project financing planned to commence through debt and equity. Integrated execution plan using VUL expertise together with multiple experienced partner companies.
Buying Opportunity • Feb 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.9%. The fair value is estimated to be €6.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 147% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 56% per annum. Earnings is also forecast to grow by 45% per annum over the same time period.
Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Founder, MD, CEO & Director Francis Edward Wedin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Apr 27High number of new and inexperienced directorsThere are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Founder, MD, CEO & Director Francis Edward Wedin is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • Dec 20Non-Executive Chairman recently sold €4.8m worth of stockOn the 17th of December, Gavin Rezos sold around 727k shares on-market at roughly €6.57 per share. This was the largest sale by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months.
Executive Departure • Mar 26In-Country Principal & Executive Director has left the companyOn the 25th of March, Horst Kreuter's tenure in the role of In-Country Principal & Executive Director ended. As of December 2020, Horst personally held 553.33k shares (€968k worth at the time). A total of 3 executives have left over the last 12 months.
Recent Insider Transactions • Jan 16Insider recently bought €2.8m worth of stockOn the 15th of January, John Hancock bought around 5m shares on-market at roughly €0.54 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.2m more in shares than they have sold in the last 12 months.
Is New 90 Day High Low • Dec 29New 90-day high: €1.72The company is up 142% from its price of €0.71 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period.
Is New 90 Day High Low • Dec 11New 90-day high: €1.64The company is up 150% from its price of €0.66 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period.
Is New 90 Day High Low • Nov 10New 90-day high: €0.91The company is up 169% from its price of €0.34 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Sep 28New 90-day high: €0.69The company is up 107% from its price of €0.33 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period.