European Investment Bank signs off on $819M loan
Vulcan Energy has locked in north of A$1 billion in funding this week, with the European Investment Bank approving loans up to €500 million for the company's Lionheart lithium project in Germany.The EIB's circa A$819 million loan still requires final due diligence and internal approvals, but it adds to a similar $196 million commitment from Export Finance Australia and Vulcan's successful $164 million placement.With almost $1.
The BNP Paribas-led finance process, which continues to engage with other commercial banks, is expected to be finalised in the new year."Approval by the EIB to participate in Vulcan's debt financing process strongly reflects the significance of this project in Germany and broader Europe," Gooding said.
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