Pau, September 22, 2025 – Arverne (ISIN code: FR001400JWR8, ticker symbol ARVEN) 1st leading French supplier of geothermal solutions, completes Series B2 financing for its subsidiary Lithium de France.
The capital increase, carried out in September, was subscribed by Arverne Group and Equinor Ventures for €40 million. Following this transaction, Arverne Group will now hold 64.58% of Lithium de France's capital and Equinor Ventures 24.40%.[1]This funding comes as Lithium de France's project has entered the pre-industrial phase, with the first drilling operations and the DLE demonstrator.[2] and the Detailed Preliminary Design, an integral part of the DFS[3].
Pierre Brossollet, founder and CEO of Arverne Group, states: " This capital financing operation is a key step in France's Lithium project, whose mission is to accelerate the energy transition for the prosperity of the regions. Lithium is one of the critical metals essential to meeting the expected growth in electric vehicles and battery energy storage. I am delighted with the renewed support from Equinor, whose knowledge of geology and experience in project execution will be decisive assets.
Lisa Rebora, Equinor's Global Lithium Manager, adds: " Equinor is pleased to continue its strategic partnership with Lithium de France and reiterates its confidence in the company by continuing to invest through its venture capital arm. We look forward to working with Lithium de France to develop a new supply chain by deploying DLE technology.
[1] Arverne Group holds 64.58% of Lithium de France's capital, Equinor Ventures 24.40%, Hydro Energy Invest AS 9.25%, and Management 1.86%.
[2] DLE: Direct Lithium Extraction
[3] DFS : Definitive Feasability Study
About ARVERNE
ARVERNE, 1st French supplier of geothermal solutions.
Thanks to its expertise, Arverne transforms the natural resources in our soil and develops local heating, cooling, and lithium solutions. A mission-driven company listed on Euronext Paris, Arverne works to promote sovereign, short-circuit energy for local communities and manufacturers.
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 Equinor Ventures
Equinor Ventures is Equinor's venture capital arm, investing in ambitious companies in the start-up and growth phases. We believe that the innovation, creativity, and agility of startups can drive change towards a low-carbon future.
