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2 insiders bought €191k of shares over the last 90 days, the latest by Cristobal Moreno, filed 10 Aug 2026.
Vulcan Energy Resources Limited: what insiders have been doing
Vulcan Energy Resources Limited is a Energy company based in Perth, Australia. Its directors and officers file their transactions with BaFin. From 22 October 2025 to 22 October 2026, the disclosure feed for Vulcan Energy Resources Limited logged 22 filings by 12 insiders.
The record shows 3 purchases on the open market worth €191k, made by 2 insiders, against 1 sale worth €485k by 1 insider. Sales outweigh purchases by €294k. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. On the buying side, the filings list 2 senior executives among the declarants. One trade stands out by size: a sale of €485k from Moreno, Cris, disclosed on 8 June 2026, or 0.040% of market capitalisation.
The latest purchase dates back some time: it was published 75 days ago, on 10 August 2026. Typically, a trade is published a median of 6 days after it takes place. Under the Market Abuse Regulation, managers have three business days to notify their trades.
Compared with its exchange (288 companies, median 5 filings), a count of 22 filings is above the norm. The full history, which starts in 2025, counts 3 purchases against 1 sale.
Other companies in the same sector with recent insider buying flagged by our signals: ASTA Energy Solutions AG and Compagnie de l'Odet. Every figure here comes from the filings published by BaFin and describes the past, not future prices; it is not investment advice.
Insider Decl.
22
Thresholds
n/a
Buy Volume
€190,685
3 ops. · all time
Sell Volume
€484,634
1 ops. · all time
Who traded when
BuySaleCristobal Moreno2 buys
Cris Moreno1 sale
Dr Francis Wedin1 buy
Since the insiders bought
- -61.0%Entry €1.94 · Close 16 Oct 2026 €0.75
- -52.7%Entry €1.60 · Close 16 Oct 2026 €0.75
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Financial data
as of FY 2025FY ended December 2025 · cache
€0.71
Income statement
Revenue€7.3M
Gross profit€4.4M60% margin
EBITDA-€52.9M-720% margin
Net income-€69.6M-946.6% margin
Balance sheet & cash
Market cap€1.2B
Total debt€30.6M
Free Cash Flow-€98.0M
Last declaration on 22 October 2026
Declarations22 total
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ShareASXISIN AU0000066086ASX:2924-03135130-6A1343656
ShareASXISIN AU0000066086ASX:2924-03124419-6A1339723
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ShareASXISIN AU0000066086ASX:2924-03121771-6A1338805
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20,370 AUD0ASX
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90,003 AUD0ASX
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200,003 AUD0ASX
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119,662.691 shares@ €4.050.040% mcap100.0% of flowShareASXISIN AU0000066086BAFIN:50087747-2dcb220a528f
0ShareISIN AU0000066086BAFIN:50087747-a9313aa85b65
ShareASXISIN AU0000066086ASX:2924-03090941-6A1325855
ShareASXISIN AU0000066086ASX:2924-03081340-6A1321501
5,000 shares@ €4.00100.0% of flowShareISIN AU0000066086BAFIN:50087747-ccbbc69800d8
6,500 shares@ €4.00100.0% of flowShareISIN AU0000066086BAFIN:50087747-1c7a9d726665
22,277 shares@ €4.00100.0% of flowShareISIN AU0000066086BAFIN:50087747-1a2f9c028ef6
10,000 shares@ €4.00100.0% of flowShareISIN AU0000066086BAFIN:50087747
22 of 22 declarations
About Vulcan Energy Resources Limited
Vulcan Energy Resources Limited is a resource-development and energy company listed in Germany on Xetra/Frankfurt (DAX/MDAX/SDAX), with a distinctive business model sitting at the intersection of critical raw materials and renewables. Although the listed parent is Australian, the company’s operational center of gravity is in Germany, where it is developing its flagship project in the Upper Rhine Valley. Vulcan’s core proposition is to produce low-carbon lithium from deep geothermal brines while also capturing value from geothermal heat and, in some cases, power. This integrated model is its key strategic differentiator: the company is not merely a lithium story, but also a European energy-transition and supply-chain-sovereignty play.
Founded in 2018 and later renamed Vulcan Energy Resources Limited, the group built its technical and industrial platform around German operations, with Karlsruhe acting as an important operational hub. Its business model is organized around three main layers: brine resource development, direct lithium extraction, and associated geothermal energy assets. Its key products and services are therefore battery-grade lithium output, including lithium hydroxide monohydrate and related lithium products, together with renewable geothermal heat and potentially electricity from co-produced energy streams.
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From a competitive standpoint, Vulcan holds a unique position in Europe because it targets domestic production of critical battery materials and reduced carbon intensity at the same time. That makes it strategically relevant for European automakers, battery supply chains, and policymakers seeking to reduce dependence on imported lithium. At the same time, Vulcan remains a development-stage company rather than a mature producer. Its investment case is therefore driven more by execution and project delivery than by current cash generation. Key risks include permitting, financing, construction timing, technology scale-up, and operational delivery.
Recent milestones have been important. In 2025, Vulcan reported meaningful progress on its Phase One Lionheart project in Germany, including new geothermal drilling near Landau, major permitting progress for lithium and geothermal facilities, and additional industrial and local energy agreements. The company also reported an updated resource increase in the Mannheim area, strengthening its future pipeline. For investors, Vulcan should be viewed as a long-duration thematic industrial developer tied to the German market and broader European industrial strategy, with attractive strategic optionality but still elevated project risk.
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