Vulcan Energy Resources, a material exploration company, secured €40 million (~$44 million) through strategic investments. The breakdown of this funding includes €25 million (~$27 million) from CIMIC Group for 10 million shares, €12.5 million (~$13.6 million) from Hancock Prospecting for 5 million shares, and €2.5 million (~$2.7 million) from Victor Smorgon Group for 1 million shares, all through private placements. The funds raised will facilitate the early validation processes for the Engineering Procurement and Construction Management contract related to Vulcan’s Phase One lithium plant.