Latest news with #LithiumdeFrance
Business Wire
17-07-2025
- Business
- Business Wire
Arverne Group Signs a Contribution Agreement With Hydro Energy Invest AS to Increase Its Stake in the Capital of Its Subsidiary Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code: FR001400JWR8, ticker symbol ARVEN), an industrial player specializing in the production of renewable underground resources, announces the signing of a contribution agreement with Hydro Energy Invest AS (a wholly-owned subsidiary of the Norsk Hydro group) to strengthen its stake in the capital of its subsidiary Lithium de France, which will reach 73.5% upon completion of the contribution. On July 17, 2025, Arverne Group and Hydro Energy Invest AS signed a contribution agreement under which Hydro Energy Invest AS will contribute its 474,753 shares in Lithium de France to Arverne Group in exchange for newly issued shares in Arverne Group. This transaction will be carried out through the issuance of 2,232,288 new Arverne Group shares to Hydro Energy Invest AS for a value of €22,322,880, representing an Arverne Group share value of €10.00 €. Hydro Energy Invest AS will have the right to request the appointment of an observer to the Arverne Group board of directors for as long as Hydro Energy Invest AS holds at least 5% of the Arverne Group share capital. The agreement provides for a commitment by Hydro Energy Invest AS to retain its Arverne Group shares until the earlier of the date of completion of a significant capital increase by Arverne Group and a period of 18 months from the date of completion of the contribution. The completion of the contribution remains subject to customary conditions precedent for this type of transaction, including the submission by one or more contribution auditors of a report on the valuation of the contributions and the fairness of the exchange ratio. Completion is expected as soon as possible and no later than October 2025. Investors are invited to refer to the 2024 universal registration document available at and in particular to the risk factors in section 03. Next event: 2025 half-year results, September 24, 2025 About Arverne Group Arverne Group specializes in the development of underground resources to transform them into environmentally friendly, local, renewable energy that contributes to the prosperity of the regions. As an integrated industrial player, from exploration and drilling to production and sales to end users, Arverne Group is positioned across the entire value chain with the aim of becoming the French leader in geothermal energy and its derivative products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has organized the development of its activities around several subsidiaries, the main ones being Lithium de France (extraction and sale of geothermal heat and lithium), 2gré (sale of geothermal heat), and Arverne Drilling Services, which operates the drilling. A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, ticker symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of Arverne Group, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers, and local authorities and producing lithium for electric mobility. Lithium de France is an innovative leader based in Haguenau, in northern Alsace. About Hydro Hydro is a leading company in the field of aluminum and renewable energy that develops businesses and partnerships for a more sustainable future. It employs 32,000 people in more than 140 locations and 42 countries.
Business Wire
12-06-2025
- Business
- Business Wire
Arverne Group: First Geothermal Drilling for Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: Arverne Group (ISIN code : FR001400JWR8, mnemonic code ARVEN), announces the start of geothermal drilling operations in Schwabwiller, carried out by its subsidiary Lithium de France, in order to produce both renewable heat and lithium. This launch is a major milestone in the Group's development, made possible after obtaining the environmental authorization and a building permit. The initial work on site involves civil engineering operations. Geothermal well drilling will begin after the summer. It will be pursued, once the necessary authorizations have been obtained, by the construction of the heat powerplant, and the installation of the demonstration plant to assess both lithium resources and the performance of the innovative Direct Lithium Extraction (DLE) technology. Information and updates on the operations will be shared throughout the project with the various local stakeholders. Pierre Brossollet, Founder and CEO of Arverne Group : 'These initial works bring our ambition to life: making geothermal energy a tangible solution to the major challenges of decarbonization. They also represent a big step toward more energy sovereignty for our country.' Next event: June 18, 2025, Combined General Meeting About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on Euronext Paris (ISIN FR001400JWR8, symbol ARVEN).
Yahoo
26-05-2025
- Business
- Yahoo
Arverne Group Has Entered Negotiations With Hydro Energy Invest AS With a View to Increase Arverne Group's Participation in Its Subsidiary Lithium de France
PAU, France, May 26, 2025--(BUSINESS WIRE)--Regulatory News: Arverne Group (Paris:ARVEN) (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that it has entered negotiations with Hydro Energy Invest AS (a fully owned subsidiary within the Norsk Hydro group) to increase its stake in its subsidiary Lithium de France. Nature of the transaction The contemplated transaction would consist in Hydro Energy Invest contributing its shares in Lithium de France against Arverne Group shares. This transaction would enable Arverne Group to increase its stake in Lithium de France, whilst reinforcing its shareholding structure with a major energy player. If this project is completed the major shareholders of Lithium de France would be Arverne Group and Equinor Ventures. Lithium de France: an innovative and disruptive geothermal heat and lithium project in Alsace Lithium de France, created in 2020 by Arverne Group, is a pioneer in accelerating the energy transition by supplying heat to businesses, farmers and local authorities and producing lithium for electric mobility. By 2031, its groundbreaking project aims to produce 2.2 TWh of geothermal heat and an annual production capacity of 27 kt of lithium (LC), i.e. 33% of estimated French demand in 20351. The lithium will be extracted using DLE (Direct Lithium Extraction) technology from the rich geothermal brines in Alsace. The results of the pre-feasibility study (PFS)2 confirmed the competitiveness of geothermal lithium production costs, placing the project in the top quartile worldwide, while respecting the environment and contributing to regional development. A reinforced ambition: to become the French leader in geothermal energy in all its forms, including geothermal lithium The proposed transaction will enable Arverne Group to reaffirm its position in the structurally buoyant market for critical metals in the energy transition, particularly lithium. Global demand for lithium, which is essential for electric batteries and energy storage, is set to increase fivefold by 2040, while supply is expected to be insufficient3. Provisional schedule Completion of this transaction remains subject to the signature of definitive agreements and to usual conditions in this area. Arverne Group will keep investors informed of significant progress on this project, in accordance with its regulatory obligations. Next event: June 18, 2025, Combined General Meeting About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of the Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers and local authorities alike, and producing lithium for electric mobility. Lithium de France is an innovative leader headquartered in Haguenau, northern Alsace. About Hydro Hydro is a leading aluminium and renewable energy company developing businesses and partnerships for a more sustainable future. It employs 32,000 people at more than 140 sites in 42 countries. ______________ 1 Source: 2 - the Definitive Feasibility Study (DFS) will refine these results 3 Source Benchmark Mineral Intelligence, Q1 2025 - compared to 2024 View source version on Contacts Media Relations: communication@ arvernegroup@ Investor Relations:
Business Wire
26-05-2025
- Business
- Business Wire
Arverne Group Has Entered Negotiations With Hydro Energy Invest AS With a View to Increase Arverne Group's Participation in Its Subsidiary Lithium de France
PAU, France--(BUSINESS WIRE)--Regulatory News: (Paris:ARVEN) (ISIN code: FR001400JWR8, mnemonic code ARVEN), a French industrial company specialized in the production of renewable underground resources, announces that it has entered negotiations with Hydro Energy Invest AS (a fully owned subsidiary within the Norsk Hydro group) to increase its stake in its subsidiary Lithium de France. Nature of the transaction The contemplated transaction would consist in Hydro Energy Invest contributing its shares in Lithium de France against Arverne Group shares. This transaction would enable Arverne Group to increase its stake in Lithium de France, whilst reinforcing its shareholding structure with a major energy player. If this project is completed the major shareholders of Lithium de France would be Arverne Group and Equinor Ventures. Lithium de France: an innovative and disruptive geothermal heat and lithium project in Alsace Lithium de France, created in 2020 by Arverne Group, is a pioneer in accelerating the energy transition by supplying heat to businesses, farmers and local authorities and producing lithium for electric mobility. By 2031, its groundbreaking project aims to produce 2.2 TWh of geothermal heat and an annual production capacity of 27 kt of lithium (LC), i.e. 33% of estimated French demand in 2035 1. The lithium will be extracted using DLE (Direct Lithium Extraction) technology from the rich geothermal brines in Alsace. The results of the pre-feasibility study (PFS) 2 confirmed the competitiveness of geothermal lithium production costs, placing the project in the top quartile worldwide, while respecting the environment and contributing to regional development. A reinforced ambition: to become the French leader in geothermal energy in all its forms, including geothermal lithium The proposed transaction will enable Arverne Group to reaffirm its position in the structurally buoyant market for critical metals in the energy transition, particularly lithium. Global demand for lithium, which is essential for electric batteries and energy storage, is set to increase fivefold by 2040, while supply is expected to be insufficient 3. Provisional schedule Completion of this transaction remains subject to the signature of definitive agreements and to usual conditions in this area. Arverne Group will keep investors informed of significant progress on this project, in accordance with its regulatory obligations. Next event: June 18, 2025, Combined General Meeting Expand About Arverne Group Arverne Group specializes in harnessing underground resources to transform them into environmentally friendly, local and renewable energy, contributing to the prosperity of local communities. As an integrated industrial player, Arverne Group spans the entire underground value chain, from exploration to drilling and production to sales to end-users. Arverne Group aims to become the French leader in geothermal energy and its by-products, including low-carbon geothermal lithium. Founded in Pau in 2018, Arverne Group has structured its business activities around several subsidiaries, notably Lithium de France (geothermal heat and extraction and sale of geothermal lithium), 2gré (sale of geothermal heat), Arverne Drilling Services (drilling operations). A mission-driven company, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, symbol ARVEN). About Lithium de France Lithium de France, a subsidiary of the Arverne Group, mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer in low-carbon geothermal heat and lithium. Founded in 2020, Lithium de France's mission is to accelerate the energy transition by supplying heat to businesses, farmers and local authorities alike, and producing lithium for electric mobility. Lithium de France is an innovative leader headquartered in Haguenau, northern Alsace. About Hydro Hydro is a leading aluminium and renewable energy company developing businesses and partnerships for a more sustainable future. It employs 32,000 people at more than 140 sites in 42 countries.
