State Street Invests in Vulcan Energy, Boosting Lionheart Project
State Street Corporation has invested in German lithium specialist Vulcan Energy, acquiring a significant stake. The move comes as Vulcan Energy is set to receive substantial government funding and approach key project milestones. The Lionheart project, aiming to develop the European raw material supply chain for the electric vehicle industry, will benefit from this investment.
State Street Corporation has bought a 3.79% stake in Vulcan Energy, giving it a notable influence in the company's voting rights. This acquisition is expected to draw more market attention to Vulcan Energy. The timing is crucial as Vulcan Energy is nearing significant project milestones and is about to start using government funding of approximately 104 million euros from October 2025. The Lionheart project, which focuses on developing the European raw material supply chain for the electric cars industry, will be a key beneficiary of this investment.
State Street Corporation's investment in Vulcan Energy signals confidence in the company's future prospects. As Vulcan Energy approaches key milestones and prepares to utilise government funding, the electric vehicle industry stands to gain from the development of the European raw material supply chain for electric cars.
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