TIDMALK
RNS Number : 2389K
Alkemy Capital Investments PLC
20 December 2022
20 December 2022
Alkemy Capital Investments Plc
Long Term Lease Agreed for TVL's lithium processing facility at
Wilton International
Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) is
pleased to announce that its wholly owned subsidiary Tees Valley
Lithium Ltd (" TVL ") has agreed the terms of a Long Term Lease in
respect of its lithium hydroxide processing facility in
Teesside.
HIGHLIGHTS
-- TVL and Sembcorp Energy UK agree the terms of a 30 year Lease
for TVL's lithium processing facility at Wilton International,
Teesside.
-- Sembcorp Energy UK's site at Wilton International, within the
Teesside Freeport, sits amongst a hub of decarbonisation
innovation, and is ready for investing energy-intensive industrial
businesses with it's 'plug and play' approach to available
development land.
-- Agreeing terms for a long term Lease follows the granting of
full planning permission in November and represents another
significant milestone for TVL.
TVL announces that further to its RNS on 8 November 2022, it has
now formally agreed the terms of a 30 year Lease with Sembcorp
Energy UK in respect of its site at Wilton International in
Teesside.
Under the terms of an Agreement for Lease, which was signed
today, TVL has an option for up to a year to enter into the agreed
long term Lease, during which time it will conclude formalities
with respect to financing and utilities and services, although it
is anticipated that these should be completed well in advance of
the expiry of the option period.
A key driver for TVL's site selection at Wilton International,
which sits within the Teesside Freeport amongst a hub of
decarbonisation innovation, is Sembcorp Energy UK's 'plug &
play' infrastructure, and readily-accessible utilities including
water, gas, steam and electricity.
The refinery will be capable of producing both lithium hydroxide
and lithium carbonate sourced from imported high grade feedstock
from South America and lithium producers located in Australia and
elsewhere. The refinery is expected to produce enough lithium
hydroxide to supply 100% of the forecasted automotive demand in the
UK by 2030, with a further 35% of its total production available
for export to other countries in Europe and elsewhere.
Utilising state-of-the-art electrochemical processing, TVL's
zero waste lithium refinery will be the largest in Europe -
producing 96,000tpa of low-carbon battery-grade lithium hydroxide
once in full production - equivalent to 15% of projected European
demand.
Andy Koss,CEO UK & Middle East, Sembcorp Industries,
commented:
"It's great to see Tees Valley Lithium committed to Teesside and
further supporting the net zero supply chain. At Wilton
International, Sembcorp Energy UK is ready to welcome new
businesses and jobs that will help enable the transition to a
low-carbon economy."
Sam Quinn, Director of Alkemy commented:
"We are delighted to have agreed the terms of a Long Term Lease
at the world-class Wilton International site in Teesside.
This represents another significant milestone for Tees Valley
Lithium as we seek to become Europe's first and largest independent
and sustainable lithium hydroxide processing hub.
We would like to thank the highly supportive team at Sembcorp
Energy UK and look forward to working together with them as we
develop and construct our refinery."
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
Oonagh Reidy/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 with full planning permission
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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