Geothermal warmth and lithium operator Lithium de France, subsidiary of Arverne, has been awarded a brand new lithium license within the Bas-Rhin area of France.
Lithium de France has been awarded a brand new “lithium and associated substances” license for a 151-sq. km. parcel within the Bas-Rhin area of France. That is the fourth license awarded to the corporate beforehand referred to as Arverne Geothermal earlier than a rebranding that emphasised a renewed deal with mixed geothermal and lithium work.
Lithium de France is a subsidiary of the Arverne Group, a multi-disciplinary vitality transition group specializing in geothermal vitality. Lithium de France had already launched quite a lot of subsurface research and exploration campaigns in Northern Alsace, gathering info for mapping of a major of the subsurface lined by beforehand awarded licenses.
Built-in throughout the complete worth chain and utilizing revolutionary processes, Arverne Group’s ambition is to mix the manufacturing of native renewable warmth from geothermal vitality with the extraction and processing of geothermal lithium for the electrical automobile trade.
Via its subsidiaries, the Group has a portfolio of 9 unique analysis licenses – together with 7 for geothermal vitality and a couple of for lithium – positioned in three completely different areas (Nouvelle-Aquitaine, Auvergne-Rhône-Alpes, Grand Est), overlaying greater than 2,000 km² in France.
“This new license, which mirrors the unique “Les Poteries” geothermal exploration license granted final August, is a significant step ahead for Lithium de France’s groups. We’re delighted to have been awarded this license and can be persevering with our work with native stakeholders to contribute to the decarbonization of the French vitality combine by creating geothermal tasks and home manufacturing of geothermal lithium,” mentioned Pierre Brossollet, Chairman and CEO of Arverne Group.
In late 2023, Arverne entered the Euronext inventory market seeking to elevate EUR 150 million to amass extra rigs and push the event of its geothermal enterprise.
Supply: Lithium de France through Enterprise Wire
