• Approval secured to purchase land for Geothermal and Lithium Extraction Plant (G-LEP) in Landau, Germany
• G-LEP aims to provide climate-neutral heat and sustainable lithium for the Landau region
• Acquisition of land subject to completion of project financing, expected in H2 2025

Vulcan Energy (ASX: VUL, FSE: VUL) is pleased to announce it has secured approval to purchase the land for its Geothermal and Lithium Extraction Plant (G-LEP) after the City of Landau Council voted in favour of the acquisition. The approval is a key requirement in the construction of the plant, with the Company having already received building permits for the 30MW geothermal renewable energy plant and electrical substation that form the G-LEP. The approval follows the signing of the early works agreement by the City of Landau in January 2025 and a joint option agreement between the Company and the City of Landau in November 2024 to secure the property in the D12 development plan. The land is located in the Landau industrial park, known as Am Messegelände Südost, which has been designed by the City of Landau to support the development of sustainable and innovative industries. The approval represents a key step towards the construction of the G-LEP, which aims to provide climate-neutral heat and sustainable lithium for the Landau region, while also making an important contribution to the energy transition. The acquisition of the land is subject to completion of financing of the Project, which the Company expects to finalise in H2 2025.