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Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of €49.997604 million.

2022-06-24 00:00:00

Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of €49.997604 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,448,959 Price\Range: €4.367 Transaction Features: Subsequent Direct Listing

Vulcan Energy Resources Limited Provides Update on Zero Carbon Lithium Project

2022-06-16 22:20:00

Vulcan Energy Resources Limited provided a progress update for its Zero Carbon Lithium Project in the Upper Rhine Valley Germany. The City Council of Landau, which covers part of Vulcan's geothermal production license at Insheim, as well as the Landau Süd production license where Vulcan has a brine offtake agreement with the operator, has voted to: o support geothermal energy production in the area; o take a positive stance towards the extraction of lithium from geothermal brine, upon consideration of climate protection goals as well as the interests of the regional - urban development in the area. The Insheim region forms a core part of Vulcan's Phase 1 development plans, currently being developed as part of its Phase 1 Definitive Feasibility Study (DFS). This aims to grow out geothermal renewable energy production in the Upper Rhine Valley Brine Field (URVBF) starting from around its core producing plant at Insheim, and to develop lithium extraction and processing from the same production, with zero fossil fuels and net zero carbon footprint. The positive City Council vote towards geothermal energy and lithium extraction is an important development milestone and first step of the community to enable geothermal-lithium development and marks a significant point in the progress of Vulcan's Zero Carbon LithiumTM business in Europe. The City Council will follow the geothermal and lithium development closely and will actively cooperate to align the development with the environmental goals and concerns of the community of Landau. In addition, Vulcan has acquired new exploration licenses, increasing Vulcan's area in the URBVF by 141km2 to a total of 1,163km2. The new exploration licenses, designated Flaggenturm (geothermal) and Fuchsmantel (lithium) complement Vulcan's pipeline of future growth opportunities for what is already the largest JORC compliant lithium resource in Europe.

Vulcan Energy Resources Limited Presents at Broker Briefing Mining & Resources Investor Webinar, Apr-28-2022 11:30 AM

2022-04-27 03:45:00

Vulcan Energy Resources Limited Presents at Broker Briefing Mining & Resources Investor Webinar, Apr-28-2022 11:30 AM. Speakers: Francis Edward Barnabas Wedin, Founder, MD, CEO & Director.

Vulcan Energy Resources Limited Appoints Mark Skelton as Non-Executive Director

2022-04-19 23:15:00

Vulcan Energy Resources Limited announced the appointment of Mr. Mark Skelton as Non-Executive Director, bringing significant industry experience in project development and execution in Australia and internationally, in jurisdictions including Europe, North America and the United Kingdom. Mr. Skelton is engaged in project development and execution consulting to companies across a variety of industries including lithium, energy, fertilizers, and infrastructure industries. Working with companies from concept through to execution, Mr. Skelton has demonstrated success in leading, developing and coaching multi-disciplined teams and individuals. Mr. Skelton's four decades of experience, includes: nearly 30 years at BP in various Project Director and operational leadership roles, with responsibility for complex project portfolios from concept development through to construction and commissioning; over six years at Fortescue as Project Director. Project Advisor to various industries and infrastructure projects including a major lithium hydroxide development in Western Australia. Mr. Skelton's deep experience will be of great assistance to Vulcan as it rapidly advances its Zero Carbon Lithium Project to assist Europe to diversify away from local carbon-based energy sources and Russian energy.

Vulcan Energie Ressourcen GmbH (Vulcan) and MVV Grüne Wärme GmbH Signs 20-Year Heat Supply Agreement

2022-04-05 10:47:00

Vulcan Energie Ressourcen GmbH (Vulcan) and MVV Grüne Wärme GmbH have signed a 20-year heat supply agreement. Under the agreement, which is due to come into effect in 2025, Vulcan will supply renewable heat with a total volume of between 240 and 350 gigawatt hours per year to MVV. The heat will be supplied from Vulcan's planned geothermal wells in the area surrounding the City of Mannheim. Heat will be transferred via heating grids and a series of underground pipes that deliver hot water or steam to buildings in the local community. This is the first of a number of planned district heating agreements for Vulcan, the Company is developing its Mannheim licence as part of a planned larger Phase 2 of the Zero Carbon Lithium(TM) Project. The conclusion of this contract proves that the supply of green heat is a sustainable and attractive business model that meets with great interest from municipal utilities.

Vulcan Energy Resources Limited Announces Binding Offtake Agreement Signed with LG Energy Solution

2022-01-30 21:14:00

Vulcan Energy Resources Limited announced that following the binding term sheet signed on 18 July 2021, conditional on the execution of aDefinitive Agreement, Vulcan Energy Resources Ltd. has signed a binding lithium hydroxide offtake agreement ("Agreement") with LG Energy Solution. LGES is the second largest battery maker in the world with over 20% market share 1 and supplies its products to leading global Original Equipment Manufacturers (OEMs). LGES is currently manufacturing lithium-ion batteries in Poland, US, China, and South Korea, and is looking at expanding its production capacity. LGES is a leading battery supplier to European OEMs. The Agreement is for an initial five-year term which can be extended by further five years, with a start of commercial delivery set for 2025. LGES will purchase between 41,000 to 50,000 metric tonnes of battery grade lithium chemicals over the duration of the agreement. Pricing will be based on market prices for lithium hydroxide. Conditions precedent include successful start of commercial operation and full product qualification.

Vulcan Energy Resources Ltd. Gets Granted Five New Exploration Licenses for Geothermal Energy and Lithium in the Upper Rhine Valley, Germany

2022-01-03 22:17:00

Vulcan Energy Resources Ltd. has been granted five new exploration licenses for geothermal energy,and lithium in the Upper Rhine Valley, Germany. The licenses cover 325km2 of area which is considered by Vulcan to be prospective for deep geothermal and lithium brine, and increases Vulcan's granted license area by nearly 50% to over 1,000km. Vulcan's license holding stretches across three states in the Upper Rhine Valley, with the latest licenses in the states of Rhineland-Pfalz complementing existing licenses in this state, as well as in Hessen and Baden-Württemberg. The Company is targeting completion of its Phase 1 Definitive Feasibility Study (DFS) in second half of 2022 and first commercial production of lithium by 2024. Vulcan is seeking to grow its Zero Carbon LithiumTM Project to service the European market, following strong demand from offtake customers for both lithium chemicals and renewable heating. These licenses will potentially provide a larger pipeline of projects, as Vulcan works to integrate further production capacity and additional project areas into its Phase 1 and 2 plans.

Vulcan Energy Resources Limited (ASX:VUL) agreed to acquire Geothermal power plant in Germany's Upper Rhine Valley for approximately €31.5 million.

2021-12-10 00:00:00

Vulcan Energy Resources Limited (ASX:VUL) agreed to acquire Geothermal power plant in Germany's Upper Rhine Valley for approximately €31.5 million on December 10, 2021. The deal will be financed with funds from a recent $142.9 million capital raise. Vulcan will formally take over the plant from January 1, 2022 and will retain all existing local employees as part of the transition.

Vulcan Energy Resources Limited Signs Lithium Supply Agreement with Stellantis N.V

2021-11-28 21:26:00

Vulcan Energy Resources Ltd. and Stellantis N.V. have signed a binding lithium hydroxide offtake agreement to supply, starting 2026, a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of battery grade lithium hydroxide over the duration of the initial five-year agreement. Consistent with Vulcan's strategy to decarbonise the battery metals supply chain, the Stellantis electrification strategy includes ensuring a sustainable supply of lithium, which it has identified as a critical battery raw material with regard to availability. By 2030, more than 70% of Stellantis' European sales and more than 40% of its U.S. sales will be low emission vehicles (LEVs). Stellantis' plans call for a total of five battery cell manufacturing plants in Europe, including Germany, and the United States, with a total capacity of 260 gigawatt hours (GWh). The battery grade lithium hydroxide will be used by the three Stellantis battery production facilities in Europe in Termoli, Italy, and the Automotive Cells Company (ACC) joint venture plants in Kaiserslautern, Germany, and Douvrin, France. The three plants combined will produce at least 120 gigawatt hours of cell capacity by 2030. Conditions precedent include successful start of commercial operation and full product qualification. Pricing will be based on market prices on a take-or-pay basis.

Vulcan Energy Resources Limited Announces Binding Offtake Agreement Signed with Renault

2021-11-21 21:24:00

Vulcan Energy Resources Limited announced following the binding term sheet signed on 2 August 2021, conditional on the execution of a Definitive Agreement by 20 November 2021, Vulcan Energy Resources Ltd. has signed a binding lithium hydroxide offtake agreement ("Agreement") with Renault Group, a major automotive manufacturer and pioneer in the European electric vehicle market. The Agreement is in line with Renault Group's ambition to offer `made in Europe' cars. Following the launch of Renault ElectriCity a new production unit for electric vehicles in Europe the Group will purchase between 26,000 to 32,000 metric tonnes of battery grade lithium chemicals over the duration of the agreement. The Agreement is for an initial six-year term and the start of commercial delivery is set for 2026. Pricing will be based on market price on a take-or-pay basis.

Vulcan Energy Resources Limited to Acquire Drill Rigs for Zero Carbon Lithium Project

2021-11-18 22:13:00

Vulcan Energy Resources Ltd. has agreed to acquire two electric drill rigs as part of the Company's Zero Carbon LithiumTM Project. The specialised rigs can drill to the target depth required for deep geothermal energy wells in the Upper Rhine Valley, Germany. The deep geothermal rigs represent a scarce, strategic asset for Vulcan, as Europe navigates an energy crisis and the increasing need for renewable heating. The electric rigs will ensure drilling can be conducted with minimum greenhouse gas emissions, consistent with Vulcan's strict carbon neutral focus. The deep geothermal rigs give Vulcan the potential to generate renewable energy for local communities in Germany (heat and/or power, depending on location), at a critical time for decarbonisation in Europe. Funded with a portion of the proceeds from the Company's recent $200 million Placement, the acquisition will assist with timely project development, targeting Phase 1 production in 2024. Vulcan has commenced assembling an experienced in-house drilling team, which will operate under the company name "VERCANA GmbH (Ltd.)". Headquartered in Karlsruhe, Germany, VERCANA and its operations will create approximately 30 regional jobs. Following refurbishment, the rigs will be operation-ready in late 2022. A general update on the renewable energy project developments within the Zero Carbon Lithium Project is provided.

Vulcan Energy Resources Limited Provides Lithium Processing Division Update

2021-11-11 21:23:00

Vulcan Energy Resources provided an update on the activities of its lithium processing division. Lithium Definitive Feasibility Study (DFS) progressing on track for mid-2022, led by Vulcan's in-house team and Hatch Ltd. Pilot plant and laboratory studies, which are informing the DFS, are successfully demonstrating multi-cycle sorption tests on Upper Rhine Valley geothermal brine using multiple commercially available aluminate-based sorbents from partners including DuPont, providing optionality. Offsite lithium electrolysis test work is also ongoing. Strategy of the DFS team is to standardise the design of the DLE plants where possible, allowing for relatively modular engineering and build out in subsequent phases. New Vulcan laboratory to officially open in the town of Karlsruhe-Durlach in January, with full in-house analytical capability. Long lead items are on order and major skids are under construction for a new Demonstration Plant (Demo Plant), designed by the technical team of the Vulcan Group, which will demonstrate the full process from Direct Lithium Extraction (DLE) to lithium hydroxide production. The DLE section of the Demo Plant is targeted to commence operation on geothermal brine in Second Quarter 2022, to an approximately 1:200 scale of the first commercial plant. The Demo Plant enables the Vulcan team to run the full process onsite and to provide training prior to first commercial plant operation, which is targeted for 2024. DFS, lithium piloting and laboratory studies update: Vulcan's Lithium Definitive Feasibility Study (DFS) for Phase 1 of its Zero Carbon LithiumTM Project is progressing on track for mid-2022, led by Vulcan's in-house team and by independent consultants Hatch Ltd, who also led Vulcan's Pre-Feasibility Study (PFS) published in 2021, and Scoping Study published in 2020. The strategy of the DFS team is to standardise the design of the DLE plants where possible, allowing for relatively modular engineering and build out in subsequent phases. Pilot plant and laboratory studies, which are informing the DFS, are continuing to successfully demonstrate multi-cycle sorption tests on Upper Rhine Valley geothermal brine using multiple commercially available aluminate-based sorbents, providing commercial optionality for Vulcan. All sorbents have demonstrated >90% lithium recovery, in line with the assumptions used in the PFS, and consistent with commercial DLE development projects internationally. Pre-treatment and post-treatment of the brine has also been demonstrated successfully, the former to enhance sorbent life and performance, and the latter to return the brine to materially the same state prior to re-injection. Whilst assuming pre and post treatment in its PFS and now DFS as a base case, Vulcan's Research & Development team is also working on reducing the need for pre-treatment, which could provide an upside in terms of operating cost reduction. Vulcan will base its assumptions in the DFS on the performance of these sorbents, as it did in the PFS, and will be negotiating supply contracts with the sorbent manufacturers in the meantime. Importantly, the pilot plant is operating using "live" geothermal brine3, that is, real (not synthetic) brine coming directly from an operational geothermal plant.

Vulcan Energy Resources Limited - Shareholder/Analyst Call

2021-10-22 02:39:00

Annual General Meeting

Vulcan Energy Resources Limited Signs Binding Lithium Offtake Agreement Signed with Umicore

2021-10-17 22:33:00

Vulcan Energy Resources Limited has signed a binding lithium hydroxide offtake agreement (Agreement) with Umicore, a leader in cathode materials production used in lithium-ion batteries for electrified transportation, as part of Vulcan's Zero Carbon LithiumTM Project. In Nysa, Poland, Umicore has built the first cathode materials plant in Europe. The plant is expected to start production around year end of 2021 and the materials that will be produced in Nysa will be sold to battery cell makers who produce the batteries for electric vehicles. Umicore has a net zero emission Greenhouse Gas (GHG) goal by 2035, part of its "Go to Zero" initiative, and its European cathode plant will be carbon neutral as of the start of production. The Agreement is for an initial five-year term and the start of commercial delivery is set for 2025. Umicore is to purchase a minimum of 28,000 tonnes and a maximum of 42,000 tonnes of battery grade lithium hydroxide over the duration of the agreement. Pricing will be based on market prices on a take-or-pay basis. Conditions precedent include successful start of commercial operation and full product qualification.

Vulcan Energy Resources Limited, Annual General Meeting, Nov 29, 2021

2021-10-07 04:16:00

Vulcan Energy Resources Limited, Annual General Meeting, Nov 29, 2021, at 15:00 W. Australia Standard Time. Location: Level 2, 66 Kings Park Road West Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to ratify the placement of shares; to consider the directors participation in placement; to consider re-election of directors; to consider election of Ms. Annie Liu as director; and to approve incentive award plan.

Vulcan Energy Resources Limited Successfully Produces Its First Battery Quality Lithium Hydroxide Monohydrate (LHM) from Piloting Operations

2021-09-26 23:27:00

Vulcan Energy Resources Limited announced that its chemical engineering team has successfully produced its first battery quality lithium hydroxide monohydrate (LHM) from piloting operations. The LHM was produced from Vulcan's sorption pilot plant, located at a geothermal renewable energy plant in the Upper Rhine Valley in Germany, with downstream electrolysis processing offsite, as per Vulcan's planned commercial Zero Carbon Lithium Project. The sample exceeds traditional battery grade LHM product including best on the market battery grade specifications required from offtake customers, at >56.5% LiOH.H2O and very low impurities. The lithium chloride extracted by the sorbent in the pilot plant was recovered with water and sent offsite, where it was purified and concentrated by a third-party provider to prepare the lithium chloride for electrolysis to produce lithium hydroxide solution. The solution was then crystalized to produce battery grade lithium hydroxide monohydrate (LHM). Data generated during the production of the sample will be used for Vulcan's ongoing Definitive Feasibility Study currently being carried out by Hatch and Vulcan's engineering teams. Vulcan's pilot has been operating successfully since April 2021, using brine from a geothermal plant, and will be progressively scaled up in size during the coming year.

Vulcan Energy Resources Limited(ASX:VUL) added to S&P/ASX 300 Index

2021-09-20 00:00:00

Vulcan Energy Resources Limited(ASX:VUL) added to S&P/ASX 300 Index

Vulcan Energy Resources Limited(ASX:VUL) added to S&P/ASX Small Ordinaries Index

2021-09-20 00:00:00

Vulcan Energy Resources Limited(ASX:VUL) added to S&P/ASX Small Ordinaries Index

Vulcan Energy Resources Limited(ASX:VUL) added to S&P Global BMI Index

2021-09-20 00:00:00

Vulcan Energy Resources Limited(ASX:VUL) added to S&P Global BMI Index

Vulcan Energy Resources Limited Announces Executive Changes

2021-09-19 22:20:00

Vulcan Energy Resources Limited announced in Germany, Vulcan has appointed Beate Holzwarth as Chief Communications Officer, effective from 1st of October 2021. Mrs. Holzwarth has over 20 years' experience in various communication and marketing roles within Mercedes-Benz Cars and Daimler Trucks. As a direct report of the divisional Board of Mercedes-Benz Cars Operations she was responsible for national and international ground-breaking events of new production sites with the involvement of state representatives and local politicians. In Australia, Vulcan has appointed Jessica Bukowski as Public and Investor Relations Manager. Ms. Bukowski was previously Senior Media and Corporate Affairs Specialist at Fortescue Metals Group (Fortescue), and prior to that was Adviser to former Australian Prime Minister Kevin Rudd AC and External Affairs Coordinator at Origin Energy.

Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 200.000003 million.

2021-09-16 00:00:00

Vulcan Energy Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 200.000003 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 14,814,815 Price\Range: AUD 13.5 Discount Per Security: AUD 0.475

Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 19.999994 million.

2021-09-14 00:00:00

Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 19.999994 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,481,481 Price\Range: AUD 13.5

Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 201.000002 million.

2021-09-14 00:00:00

Vulcan Energy Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 201.000002 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 14,888,889 Price\Range: AUD 13.5 Discount Per Security: AUD 0.475

Vulcan Energy Resources Limited(ASX:VUL) dropped from S&P/ASX Emerging Companies Index

2021-09-03 00:00:00

Vulcan Energy Resources Limited(ASX:VUL) dropped from S&P/ASX Emerging Companies Index

Vulcan Energy Resources Limited Announces Life Cycle Assessment Results

2021-08-03 22:20:00

Vulcan Energy Resources Limited announced that having originally commissioned the world's first Life Cycle Assessment (LCA) and global study on the environmental footprint of lithium hydroxide (LHM) production, Vulcan recently again commissioned Minviro Ltd., to update its independent LCA based on more recent data from Vulcan's Pre-Feasibility Study (PFS). Results of the updated LCA estimate negative 2.9t of CO2 emitted per tonne of LHM to be produced from Vulcan's Zero Carbon Lithium™ Project, including Scope 1, 2 and 3 emissions. Vulcan's negative CO2 emission intensity is a product of the significant impact offset generated by renewable geothermal energy production as well as use of geothermal heat to drive lithium processing, and Vulcan's move to strictly exclude fossil fuels as an energy source from its planned operations. According to public data, this result confirms that Vulcan's Zero Carbon Lithium™ Project has the lowest planned carbon footprint in the world compared to any LCA results previously published in the lithium industry. The LCA was conducted according to ISO-14040:2006 and ISO- 14044:2066 standards and included a third-party expert review. The LCA also confirms a low water usage and water scarcity factor, compared to traditional forms of lithium production. The Zero Carbon LithiumTM Project has been designed from its inception to help decarbonise the German electrical grid and lithium supply chain simultaneously.

Renault Group and Vulcan Energy Resources Sign a Lithium Offtake Term Sheet

2021-08-01 23:24:00

Renault Group and Vulcan Energy Resources (‘Vulcan’, ‘the Company’) have signed a lithium offtake term sheet. This agreement is for an initial five-year term which can be extended if mutually agreed, with a start of commercial delivery set for 2026. In line with Renault Group's ambition to offer `made in Europe' cars, and following the launch of Renault ElectriCity the most competitive and efficient production unit for electric vehicles in Europe the Group will purchase between 6,000 to 17,000 metric tonnes per year of battery grade lithium chemicals produced in Germany by Vulcan. Renault Group, which has set the aim to achieve carbon neutrality worldwide in 2050, continues to accelerate its EV strategy to reach the greenest mix in the European market in 2025, with over 65% of electric and electrified vehicles in the sales mix, and up to 90% battery electric vehicles mix in 2030. Thanks to Vulcan, which will produce a battery-quality lithium chemical product from its combined geothermal energy and lithium resource while reducing lithium's high carbon and water footprint on production, Renault Group will be able to avoid from 300 to 700 kg of CO2 for a 50-kWh battery. The binding term sheet is conditional on the execution of a Definitive Agreement on materially similar terms by 20 November 2021.

Vulcan Energy Resources Limited Appoints Markus Ritzauer as CFO of Vulcan's German Operations, Effective from 1 September 2021

2021-07-12 22:19:00

Vulcan Energy Resources Limited announced that Markus Ritzauer appointed as CFO of Vulcan's German operations, effective from 1 September 2021. Mr. Ritzauer has over 20 years' experience in finance roles within the chemicals industry. He is currently Head of Finance at Currenta, a chemical park service provider in Germany formerly part of Bayer, with EUR 1.7 billion turnover, 5,300 employees and EUR 250 million EBITDA. Mr. Ritzauer was formerly CFO of the Bayer Group of companies in South Korea, and prior to that was Head of Corporate M&A in the APAC region for Bayer.

Vulcan Energy Resources Limited Announces New Exploration License Granted in Upper Rhine Valley

2021-07-11 22:28:00

Vulcan Energy Resources Limited announced new exploration license granted in upper Rhine Valley. New exploration license for geothermal energy, geothermal heat, brine and lithium has been granted to Vulcan in the Upper Rhine Valley for three years. License covers 108km2 of area considered by Vulcan to be prospective for geothermal and lithium brine. Vulcan's geological team now is reviewing existing data over the area, with a view towards future resource definition, and addition to Vulcan's total Mineral Resource of 15.85Mt LCE @ 181 mg/l Li in the Upper Rhine Valley, the largest Lithium Resource in Europe. Vulcan's license holding now stretches across three states in the Upper Rhine Valley, with the latest license in the state of Hessen complementing existing licenses in the states of Rhineland- Palatinate and Baden-Württemberg. Vulcan is seeking to grow its Zero Carbon LithiumTM Project to meet increasing customer demand.

Vulcan Energy Resources Limited (ASX:VUL) completed the acquisition of remaining 49% of Taro License from Horst Kreuter and others.

2021-07-06 00:00:00

Vulcan Energy Resources Limited (ASX:VUL) has agreed to acquire remaining 49% of Taro License from Horst Kreuter and others for AUD 0.76 million on February 15, 2021. The consideration will be paid in form of stock. 11,396 fully paid shares will be issued at closing and 91,174 deferred performance shares will be issued which can be converted into one for one basis on completion of any of the milestone of obtaining approval for a production borehole under Germany’s Federal Mining Act, obtaining approval from the relevant governmental authority for a provisional environmental impact assessment, obtaining approval for the construction and operation of a main operating plant, obtaining the first approval for a special operating plan, the first approval or pre-approval from the relevant governmental authority for the construction of a geothermal organic Rankine cycle plant or the first approval or pre-approval from the relevant governmental authority for the construction of a direct lithium extraction (lithium conveying) plant. The extraordinary general meeting of shareholders of Vulcan Energy Resources Limited approved the issue of consideration shares on June 24, 2021. The deal is subject to consummation of due diligence and approval from regulatory board. Approval of acquirer shareholders is not required for acquisition. Vulcan Energy Resources Limited (ASX:VUL) completed the acquisition of remaining 49% of Taro License from Horst Kreuter and others on July 6, 2021. The consideration shares were issued.