REG - Alkemy Capital Invs. - Appointment of CEO for Lithium Hydroxide Project

Alkemy Capital InvestmentsAnnouncement

08/03/2022 07:00

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RNS Number : 9384D  Alkemy Capital Investments PLC  08 March 2022

 

8 March 2022

 

Alkemy Capital Investments Plc

 

Appointment of CEO to Head new Lithium Hydroxide Project

 

Alkemy Capital Investments plc ("Alkemy" or the "Company") is pleased to
announce the appointment of John Walker as CEO of Alkemy's newly formed wholly
owned subsidiary Tees Valley Lithium Ltd, effective immediately.

 

John has more than 30 years of leadership experience in the mining and
advanced materials processing industries. Most recently he has been providing
strategic advice to ASX listed Piedmont Lithium in the USA and served as
Chairman of Exawatt which provides strategic consultancy services to the
battery industry.

 

Prior to this he served as CEO of The Quartz Corporation (a joint venture
between IMERYS and Norsk Mineral), a mining and processing company that
supplies the world's highest-purity quartz to the solar, semiconductor and
fibreoptic markets.

 

John was a key player in driving The Quartz Corporation's business
development, growing the company from a new entrant to the second-largest
player in the high-purity quartz market.

 

His experience will further strengthen Tees Valley Lithium's ability to
execute its strategy to build the UK's first battery grade Lithium Hydroxide
refinery.

 

Sam Quinn (Director) commented:

 

"We are thrilled that John has joined Tees Valley Lithium as CEO. John's deep
experience, passion and clear thinking will be huge assets as we further our
plan to be the first UK producer of Lithium Hydroxide."

 

John Walker commented:

 

"I'm very excited to be joining Tees Valley Lithium as CEO. We are looking to
establish world class Lithium Hydroxide production in the Wilton International
Chemicals Park in the Teesside Freeport to supply the burgeoning demand
from Gigafactories in the UK and Europe.

 

Currently China processes 90% of the world's Lithium Hydroxide. Tees Valley
will import high value intermediate lithium products with a low carbon
footprint from around the world and provide customers in the UK and Europe
with an independent and sustainable supply of battery-grade Lithium Hydroxide.

 

Tees Valley Lithium is aiming to supply 15% of Europe's demand by 2030. We are
pleased to be bringing back high value manufacturing to the UK and securing
the critical minerals for our journey to Net Zero."

 

 

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 (mailto: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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