Arverne Group announces framework agreement between Lithium de France and SLB

Pau, January 7, 2025 – Arverne Group (FR001400JWR8 – ARVEN), a French industrial company specialized in the production of renewable underground resources to support the energy transition, announces that its subsidiary Lithium de France has agreed to acquire wellheads from global energy technology company SLB, for its geothermal heat and lithium project in Alsace.

An initial order has been placed for equipment to be manufactured in Europe and delivered in Alsace ahead of the start of the drilling campaign.

The geothermal heat and lithium project led by Arverne Group and Lithium de France, in Alsace, plans to reach, in 2031, an annual production capacity of 27,000 tons lithium carbonate and 2.2 TWh of geothermal heat. The heat produced will benefit businesses, farmers and local authorities in the Alsace region through a localized supply chain. The low carbon geothermal lithium will be dedicated to supply batteries for electric vehicles produced in France.

“ Our teams are particularly thrilled to work together, with the same innovation DNA to accelerate decarbonization and the same roots, as SLB and Lithium de France have
both their origin in the Alsace region, around Pechelbronn, in 1926 and 2020. Our geothermal heat and lithium project paves the way for reliable energy thanks to science, engineering and know-how developed
by committed people. “said Pierre Brossollet, founder and CEO of Arverne Group, a mission-driven company listed on the Tech Leaders segment of Euronext Paris.

About Arverne Group
Arverne Group specializes in harnessing underground resources and transforming them into environmentally-friendly, local, renewable energy that helps local communities prosper. 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 by-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 2gré (sale of geothermal heat), Lithium de France (extraction and sale of geothermal lithium), and Arverne Drilling Services, which operates drilling operations.
A company with a mission, Arverne Group is listed on the Tech Leaders segment of Euronext Paris (ISIN FR001400JWR8, mnemonic ARVEN).
www.arverne.earth

About Lithium de France
Lithium de France, subsidiary of Arverne Group, a mission-driven company listed on the Tech Leaders segment of Euronext Paris, is a French pioneer of geothermal heat and low carbon lithium. Lithium de France has been founded in 2020, its mission is to accelerate the energy transition by supplying geothermal heat to businesses, farmers, and local authorities, and by producing geothermal lithium for electric mobility. It is an innovative leader with its headquarters based in Haguenau, Northern Alsace.
www.lithiumdefrance.com