• Sedgman and HOCHTIEF joint venture awarded EPCM contract for Vulcan's Phase One Lionheart Project
• Contract includes full project management of the upstream and downstream lithium plants
• Consolidates the lithium extraction plant and central lithium plant under a single EPCM contract

Vulcan Energy (ASX: VUL, FSE: VUL) has signed agreements with a Sedgman and HOCHTIEF joint venture (SHJV) for engineering, procurement, and construction management (EPCM) services for its Phase One Lionheart Project. The Lionheart Project will have the capacity to produce 24,000 tonnes of lithium hydroxide monohydrate (LHM) annually, enough for around 500,000 electric vehicles. The current total estimated value of the EPCM services is approximately €72 million. The scope of the contracts with SHJV includes full project management of the lithium extraction plant (LEP) and central lithium plant (CLP), detailed engineering and design, procurement management, construction management, and commissioning support. Consolidating the LEP and CLP under a single EPCM contract provides clear accountability, strengthens interface management, and enables consistent application of project standards, ESG requirements, and permitting obligations. Sedgman and HOCHTIEF have demonstrated experience in delivering globally significant, major projects, and their expertise will help Vulcan deliver Europe's first sustainable, carbon-neutral lithium production at scale.