TIDMALK
RNS Number : 5145S
Alkemy Capital Investments PLC
16 November 2021
16 November 2021
Alkemy Capital Investments Plc
Corporate Update
Alkemy Capital Investments plc ("Alkemy" or the "Company") is
pleased to provide an update on its activities since its IPO.
HIGHLIGHTS
-- COP26 conference delivered a deal that sets out our emission targets for 2030 and beyond
-- Energy transition will bring about the single largest change
of our energy systems in our lifetime
-- Energy transition starts and ends with metals and mining: the
capital required to complete the necessary base metal projects will
exceed US$2 trillion
-- Alkemy is currently reviewing several potentially suitable
energy transition mineral projects (particularly in the lithium and
copper sectors)
-- Alkemy is looking at projects in jurisdictions which are
capable of delivering the necessary approvals within a timescale
supportive of our targeted return
-- Alkemy is also looking to bolster its technical management team in the short term
Sam Quinn, Director of Alkemy said:
"Since admission to the Main Market the Company has
systematically reviewed a range of projects that are needed for Net
Zero 2050 targets. In order for the targets to be met, a huge
investment in minerals that enable the energy transition will be
required and our goal is to benefit from this trend by adding value
to the development and or processing of these minerals.
"The Company has been pleased with deal flow to date and has now
identified a small number of projects that are consistent with our
strategy and are now the subject of more detailed review. At this
stage the two commodities which are of increasing interest are
lithium and copper.
"As we close in on a transaction the Company is looking to make
a number of senior management appointments in the near term."
OUR STRATEGY
The Company was incorporated and registered in England and Wales
on 21 January 2021 to undertake an acquisition of a controlling
interest in a company or business.
The Board will focus on the mining and technology metals sectors
and will look to invest in jurisdictions capable of delivering the
necessary approvals within a timescale supportive of the targeted
return.
The Company's efforts in identifying a prospective target
company or business will not be limited to a particular industry or
geographic region. However, given the experience of the Directors,
the Company expects to focus on acquiring an asset or business in
the mining and technology metals.
The Directors, have extensive networks within the mining and
technology metals sectors, and associated financial service
industries spanning the world's major natural resources focused
centres from which to solicit and assess opportunities.
ABOUT THE ENEGY TRANSITION
The energy transition refers to the global energy sector's shift
from fossil-based systems of energy production and consumption -
including oil, natural gas and coal - to renewable energy sources
like wind and solar, as well as lithium-ion batteries.
The increasing penetration of renewable energy into the energy
supply mix, the onset of electrification and improvements in energy
storage are all key drivers of the energy transition.
Regulation and commitment to decarbonization has been mixed, but
the energy transition will continue to increase in importance as
investors prioritize environmental, social and governance (ESG)
factors.
The key metals for the energy transition are nickel, cobalt,
copper, aluminium and lithium and the world will need significant
more supply of all these (lithium "100 times current levels"
according to the International Energy Agency's (IEA)
calculations).
The IEA raised further questions as to their supply, given the
long lead times for the development of new projects, declining
resource quality, growing scrutiny of environmental and social
performance and a lack of geographical diversity in extraction and
processing operations.
Hence the reality is that the energy transition starts and ends
with metals and achieving global net zero is inexorably linked to
base metals supply.
Base metals capex needs to quadruple to about $2 trillion to
achieve an accelerated energy transition.
There are many graphs but the one below perfectly illustrates
why the decarbonisation goals of the Conference of Parties, without
plans for new mines, only adds hot air to the warming planet.
To view the graph, please click on the link
http://www.rns-pdf.londonstockexchange.com/rns/5145S_1-2021-11-16.pdf
Further information
For further information, please visit the Company's website:
www.alkemycapital.co.uk.
-Ends-
Sam Quinn
Director - Alkemy Capital Investments Plc
Telephone: 0207 317 0636
Email: info@alkemycapital.co.uk
Forward Looking Statements
This news release contains forward--looking information. The
statements are based on reasonable assumptions and expectations of
management and Alkemy provides no assurance that actual events will
meet management's expectations. In certain cases, forward--looking
information may be identified by such terms as "anticipates",
"believes", "could", "estimates", "expects", "may", "shall",
"will", or "would". Although Alkemy believes the expectations
expressed in such forward--looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such factors will also
affect whether Alkemy will ultimately receive the benefits
anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the
forward--looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
forward-looking information.
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END
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