Vulcan Energy (ASX:VUL) to acquire Global Geothermal
Source: The Market Herald
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Vulcan Energy Resources (VUL) has signed a binding agreement to acquire 100 per cent of Global Geothermal (GGH)
GGH is Vulcan’s minority joint venture partner in the granted Taro licence in the Upper Rhine Valley
Vulcan’s acquisition will consolidate its holding in the Upper Rhine Valley and help advance the Zero Carbon Lithium Project towards production
The company will complete the acquisition entirely through share-based payments, with most based on project development milestones
Vulcan Energy Resources closed 3.12 per cent higher at $7.60 per share