Shares of Vulcan Energy (ASX:VUL) increased as much as 2.4% to A$2.980, marking their best performance since September 15, conditional upon holding these gains.

The lithium mining company announced its zero-carbon lithium project in the Upper Rhine Valley Brine Field, Germany, had increased in size.

Additionally, the company reported a decreased risk in the upstream of Phase I bridging study, ahead of the impending completion of the study and the commencement of financing.

If this upward trend continues, the stock will break its three-day losing streak.

At the closure of the previous trading day, Vulcan shares have gone down 54% year-to-date.

Vulcan Energy is a lithium mining company based in Germany focused on sustainable, zero-carbon projects.