TIDMALK
RNS Number : 0816B
Alkemy Capital Investments PLC
29 September 2022
29 September 2022
Alkemy Capital Investments Plc
Corporate Update
Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA)
and its wholly-owned subsidiary Tees Valley Lithium Limited (" TVL
") are pleased to provide a corporate update in relation to the
proposed Lithium Sulphate plant at Port Hedland, Australia and
Lithium Hydroxide plant at the Wilton International Chemicals Park,
Teesside, UK.
HIGHLIGHTS
-- Experienced company executive and project builder Tony Veitch
appointed to lead the development of the Port Hedland Lithium
Sulphate (LSM) plant in Western Australia.
-- Spodumene feedstock now identified for the Port Hedland LSM
plant with Alkemy in advanced discussions with multiple potential
suppliers.
-- Alkemy also in advanced discussions with potential
European-based offtakers of lithium hydroxide from TVL's Lithium
Hydroxide (LHM) facility at Wilton International.
-- Alkemy is now listed on the Frankfurt Stock Exchange under the ticker JV2.
-- Last week TVL presented at the Fastmarkets Raw Battery
Minerals Conference in Barcelona, showcasing the company's
world-class independent and sustainable processing plans.
-- TVL hosted two site visits this month at the Wilton
International Chemicals Park and the Teesside Freeport UK, with
guests including Traxys, institutional investors and local
Government.
Alkemy and TVL Director, Sam Quinn, commented:
"Alkemy is delighted to announce the appointment of Tony Veitch
to lead the development of TVL's LSM facility at Port Hedland. Tony
is a highly capable executive with a successful track record of
developing and building projects in the natural resources sector
and we look forward to working with him on this groundbreaking
project.
Alkemy and TVL have also rapidly progressed discussions across
the board with potential counterparties for both feedstock and
offtake and we look forward to updating the market as agreements
are reached in due course.
More than 700 GW of lithium battery gigafactories are planned
for construction across Europe which will require over 325,000
tonnes of LHM per annum from 2025, and currently there is no LHM
production capacity in Europe or the UK.
The Port Hedland LSM plant, together with TVL's planned LHM
processing facility at the Wilton International Chemicals Park in
Teesside, UK, will deliver a low carbon, de-risked lithum supply
chain between Australian spodumene producers and the burgeoning
European lithium battery cell market."
Appointment of Tony Veitch to Lead the Development of LSM
facility in Port Hedland
Alkemy and TVL are delighted to announce the appointment of Tony
Veitch to lead the development of the LSM Facility at Port Hedland,
Western Australia.
Tony is an experienced company director and executive having
worked for over 20 years in senior corporate leadership roles in
Western Australia and the UK. Tony was a founding director of Mach
Energy Australia Pty Ltd, one of Australia's most successful
independent thermal coal producers, and a founding director of
Atlantic Vanadium Pty Ltd, where he oversaw the development and
construction of Australia's only vanadium production facility.
Tony has a proven track record in negotiating complex
transactions, financing major projects, building highly capable
teams and developing major process plants in the natural resources
sector and the Alkemy Board and team looks forward to working with
him.
Discussions Regarding Feedstock Supply and Offtake Rapidly
Advancing
TVL, together with its partners, have in recent weeks rapidly
advanced discussions with several key potential counterparties to
supply lithium feedstock to TVL's LHM processing facility in the UK
and feedstock in the form of spodumene concentrate to the Port
Hedland LSM plant in Western Australia.
In addition, offtake discussions have progressed well with
several substantial potential counterparties.
Alkemy will keep the market informed as and when agreement is
reached with any of these counterparties.
Extension of Exclusivity Agreement for Site at Wilton
International
TVL announces that further to its press release of 25 February
2022, the exclusivity period with Sembcorp Energy UK has been
extended by the parties until 31 October 2022 to facilitate ongoing
discussions with the aim of concluding legal documentation for the
Agreement to Lease at Wilton International by that date.
Alkemy Capital Investments Plc Listing on Frankfurt Stock
Exchange
Alkemy Capital Investments Plc has listed on the Frankfurt Stock
Exchange, under the ticker FRA:JV2 with on market trading now
available.
Fastmarkets Battery Raw Materials Conference 2022
Last week, TVL CEO John Walker presented at the Fastmarkets
Battery Raw Materials Conference 2022, which had a strong focus on
sustainability and innovation.
John emphasised the TVL strategy: to become the world's first
independent and sustainable lithium processing hub by supplying
European gigafactories with low-carbon battery-grade lithium
hydroxide.
By refining spodumene to Lithium Sulphate in Western Australia
using local renewable energy and shipping the higher-grade
lower-volume product to the Wilton International Chemicals Park in
Teesside UK, TVL will reduce shipping emissions by over 85%.
Utilising state-of-the-art electrochemical processing and
powered by 100% certified renewable energy, TVL's Lithium Hydroxide
plant at Wilton will be one of the world's lowest carbon lithium
operations.
TVL's operations will provide a de-risked lithium supply chain
solution by giving Australian spodumene miners direct access to
Europe's burgeoning battery cell market.
September Site Visits at Wilton International Chemicals Park
UK
This month, the Alkemy and TVL team hosted two separate site
visits to showcase the impressive 'plug and play' facilities at the
Wilton International Chemicals Park located in Teesside UK.
Guests included the company's leading supply partner and global
trading house Traxys, as well as a number of interested
institutional investors and key local government members who each
showed strong support for the project.
Issue of Options
Alkemy confirms that 100,000 options have been issued to
consultants with a strike price of GBP1.50 per share. 40,000 of
these options will vest only when the share prce trades at GBP5 per
share or higher for 10 consecutive days and the remaining 60,000
shares will vest only when the share price trades at GBP10 per
shares or higher for 10 consecutive days.
Change of Registered Address
Alkemy notes that its registered office has now changed with
immediate effect to:
167-169 Great Portland Street
Fifth Floor
London, W1W 5PF
All other details remain the same including the Company's
website ( www.alkemycapital.co.uk or www.teesvalleylithium.co.uk
).
Further information
For further information, please visit Alkemy's website:
www.alkemycapital.co.uk or TVL's website
www.teesvalleylithium.co.uk .
-Ends-
Alkemy Capital Investments Plc Tel: 0207 317 0636
Sam Quinn info@alkemycapital.co.uk
Buchanan Tel: +44 (0)20 7466 5000
Bobby Morse/Abigail Gilchrist TVL@buchanan.uk.com
VSA Capital Limited Tel: 0203 005 5000
Andrew Monk (Corporate Broking)
Andrew Raca (Corporate Finance)
Shard Capital Partners LLP Tel: 0207 186 9952
Damon Heath damon.heath@shardcapital.com
Tel: 0207 186 9927
Isabella Pierre isabella.pierre@shardcapital.com
NOTES TO EDITORS
Alkemy is seeking to establish the world's leading independent
and sustainable lithium hydroxide production by developing
state-of-the-art Lithium Sulphate and Lithium Hydroxide facilities
in Australia and the UK.
Alkemy, through its wholly-owned subsidiary Tees Valley Lithium,
has secured a 9.6 ha brownfields site at the Wilton International
Chemicals Park located in Teesside, a major UK Freeport to build
Europe's first and largest Lithium Hydroxide processing
facility.
Alkemy has completed a Class 4 Feasibility Study for its
proposed lithium hydroxide facility which will process feedstock
imported from various sources to produce 96,000 tonnes of premium,
low-carbon lithium hydroxide annually, representing around 15% of
Europe's projected demand.
The company has identified a site at Port Hedland, Western
Australia to build a world-class sustainable Lithium Sulphate
refinery that will provide reliable feedstock for Tees Valley
Lithium.
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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