TIDMALK
RNS Number : 9476E
Alkemy Capital Investments PLC
16 March 2022
16 March 2022
Alkemy Capital Investments Plc
Wave International engaged to deliver Class 4 Feasibility
Study
ANZAPLAN engaged to undertake processing testwork
Alkemy Capital Investments plc ("Alkemy") is pleased to announce
that its wholly-owned subsidiary, Tees Valley Lithium ("TVL") is
working rapidly towards establishing the UK's first low-carbon,
battery-grade lithium hydroxide processing facility, located in
Britain's largest and fastest growing Freeport, Teesside.
A key milestone in this journey is the completion of the Class 4
Feasibility Study ("Study"), which will define (among other things)
the base case technical and economic basis for the operation.
The Study will also become the basis for the finalisation of
approvals, as well as the next stages of detailed engineering
development and major equipment procurement.
TVL has commissioned Wave International ("Wave") to deliver the
Study, which is scheduled for release in April 2022. Wave is a
leading consulting firm in the battery and tech metals sector, with
extensive upstream and downstream lithium processing
experience.
Having had significant involvement in the development of lithium
hydroxide refineries in Australia, Wave is bringing this world
class experience to TVL via their European operations. For more
information on Wave, please visit www.waveinternational.com
The scope of the Study includes:
-- Metallurgical testwork programmes
-- Technical development of both conventional and
electrochemical processing routes for producing lithium
hydroxide
-- Engineering development for a multi-train refinery on site at
Wilton International Chemical Park
-- Development of lithium supply strategies
-- Development of lithium and non-lithium product sales and marketing strategies
-- Base data for completion of approvals
-- Capital and operating cost evaluations
-- Project economic evaluation
As the Study nears completion, key work programmes have advanced
to a mature stage.
Tees Valley Lithium, CEO John Walker commented:
"We are very pleased to be partnering with leading experts at
Wave International and ANZAPLAN in order to hit this important
milestone in TVL's journey. Our primary focus at TVL is to
establish world-class Lithium Hydroxide production in the Wilton
International Chemical Park in the Teesside Freeport to supply the
burgeoning demand from Giga factories in the UK and Europe."
Wave International and Wave Europe BV, Director Ryan Hanrahan
commented:
" It's an exciting time in the lithium industry, and it's even
more exciting to be working with a company such as TVL. We fully
support TVL's clear vision to tackle the manufacturing of low
carbon lithium, and address gaps in the UK / EU supply chain. With
the imminent completion of the Class 4 study, underpinned by TVLs
experienced management and site at the Wilton International
Chemical Park, we can see this project accelerating quickly towards
execution."
TECHNICAL UPDATE
Key metallurgical testwork programmes undertaken as part of the
Study are prepared by leading engineering consultants and
laboratories, such as JordProxa for the conventional route for
lithium hydroxide production, Anzaplan and electrosynthesis for the
electrochemical route for the process development and Nagrom
Laboratories for the impurity removal. All work programmes have
been designed and are managed by Wave.
In conjunction with our industry partners, TVL is developing a
best-in-class lithium hydroxide monohydrate refining process that
will form part of the company's intellectual property.
WORK PROGRAMME TECHNICAL PARTNER
Impurity removal, conventional Nagrom laboratories
and electrochemical
--------------------
Conventional route lithium hydroxide JordProxa
production
--------------------
Electrochemical route process Anzaplan
development
--------------------
For more information on JordProxa Laboratories, please click on
the following link www.jordproxa.com
For more information on Anzaplan, please click on the following
link www .anzaplan.com
For more information on Nagrom Laboratories, please click on the
following link www.nagrom.com.au
Impurity removal work at Nagrom; liquor after first impurity
removal stage (before filtration). To view the image, click on the
following link https://bit.ly/3IeiJkq liquor and wash assay samples
after filtration. To view the image, click on the following link
https://bit.ly/3JrJkw5
BPED testwork configuration at Electrosynthesis. To view the
image, click on the following link https://bit.ly/3N0Y1sb
From left to right; Christoph Priess (Anzaplan), Dr Michael
Barker (Wave), Dr Daniel Rische and Dr Christian Graf (Anzaplan)
discussing TVL electrochemical testwork on site at Hirschau.
to view the image, click on the following link
https://bit.ly/3q0nJTp
The testwork programmes are designed to validate the process
design criteria developed by Wave, and form the basis for future
piloting / lithium hydroxide monohydrate sample generation for
sales and marketing.
Further information
For further information, please visit the Company's website:
www.alkemycapital.co.uk or www.teesvalleylithium.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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDEAKDKFLPAEEA
(END) Dow Jones Newswires
March 16, 2022 03:00 ET (07:00 GMT)
Alkemy Capital Investments (LSE:ALK)
Historical Stock Chart
From Feb 2024 to Mar 2024
Alkemy Capital Investments (LSE:ALK)
Historical Stock Chart
From Mar 2023 to Mar 2024