• ~€140m contract with JordProxa for lithium purification and concentration process
• Covers design, fabrication, modularisation, and delivery of core process units
• JordProxa to provide technical assistance and performance guarantees

Vulcan Energy (ASX: VUL) has announced that Australian company JordProxa has been awarded the contract for the lithium purification, concentration and conversion process for the Phase One Lionheart Project in Germany. The ~€140m contract covers the design, fabrication, modularisation, and delivery of the core process units for lithium extraction, purification and concentration at the Lithium Extraction Plant (LEP) via Adsorption-type Direct Lithium Extraction (A-DLE) process, and conversion at the Central Lithium Plant (CLP). JordProxa will provide technical assistance on site, including advice on technical specifications and installation and commissioning. The contracts follow a Memorandum of Understanding (MoU) entered into by Vulcan and JordProxa in May 2024 to enhance project processes and production, streamline delivery times, and optimise costs. The signing of the contracts is a condition precedent to Vulcan finalising its financing package for the project, which it is targeting to complete in Q4 2025. The contracts contain standard terms and conditions, including performance testing and guarantee regimes, as well as provisions for termination and liability.