REG - Alkemy Capital Invs. - CMA highlights TVL’s strategic importance

Alkemy Capital InvestmentsAnnouncement

14/03/2023 07:15

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RNS Number : 8773S  Alkemy Capital Investments PLC  14 March 2023

 

14 March 2023

 

Alkemy Capital Investments Plc

 

Tees Valley Lithium's lithium refinery identified by the Critical Minerals
Association as a case study project required for the successful development of
the UK's critical minerals midstream processing and refining sector

 

 

Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) and its
wholly-owned subsidiary Tees Valley Lithium Limited ("TVL") are pleased to
report that TVL's lithium hydroxide refinery at Teesside features
significantly in the Critical Minerals Asssociation's paper entitled
"Midstream Processing and Refining: Unlocking Security of Supply".

 

HIGHLIGHTS

 

·    The Critical Minerals Association United Kingdom ("CMA UK") is a key
interlocutor between the UK Government and the critical minerals industry and
aims to support the development of critical minerals supply chains in the UK

 

·    TVL's lithium refinery in Teesside has been identified by the CMA UK
as a case study project that will form a key strategic component of the UK's
critical minerals midstream processing and refining sector

 

·    CMA UK recommends that the UK government implement strategic
solutions that include incentivising and accelerating investment into UK
midstream and downstream processing, which would greatly benefit TVL

 

CMA UK states that its mission is to support the development of socially and
environmentally responsible critical mineral supply chains for the UK's
strategic security of supply for the Energy Transition, Energy Security, and
Green Economy.

 

In a paper pulished yesterday entitled "Midstream Processing and Refining:
Unlocking Security of Supply", TVL's Wilton refinery was highlighted by CMA UK
as a project of strategic importance in the UK critical minerals midstream
processing and refining sector. It noted that:

 

"TVL is establishing Europe's potentially first and largest lithium hydroxide
facility based in the North East of England. The facility will eventually use
a low-carbon electrochemical processing route and will be powered by renewable
energy.

 

TVL has the potential to become one of the lowest carbon lithium refining
projects in the world.

 

Alkemy aims to reduce embedded carbon in the lithium refining process by
producing lithium sulphate at the Port Hedland merchant refinery in Western
Australia which will serve as a hub for Australian spodumene miners, enabling
direct access to the growing European battery market. The refinery will aim to
become the primary source of feedstock for the TVL refinery in the UK and
enable the production of low-carbon, battery-grade lithium hydroxide."

 

CMA UK's paper also recommended that the UK government implement five key
strategic solutions to secure the UK's stable and resilient green economy, all
of which would benefit TVL, as follows:

 

·    Incentivise and accelerate investment into UK midstream and
downstream processing.

·    Align government departments on the importance of critical minerals.

·    Leverage UK freeports to promote international business.

·    Extend the UK's soft power by supporting UK critical mineral
companies operating overseas.

·    Invest in the next generation of critical mineral leaders.

 

A full copy of the paper can be found here on the CMA UK's website:

 

www.criticalmineral.org/_files/ugd/5caeff_58f8a2c396e241219aa4b108e6c705db.pdf
(http://www.criticalmineral.org/_files/ugd/5caeff_58f8a2c396e241219aa4b108e6c705db.pdf)

 

 

 

Alkemy and TVL Director Sam Quinn commented:

 

"We welcome the Critical Minerals Association's latest paper and its
conclusions strongly support Tees Valley Lithium's strategy that will see its
lithium hydroxide project form a significant component of the UK's transition
to electric vehicles. We look forward to continuing to work with the UK
government to help deliver the worthy objectives outlined by the CMA ."

 

 

Further information

 

For further information, please visit Alkemy's website:
www.alkemycapital.co.uk (about%3Ablank) or TVL's website
www.teesvalleylithium.co.uk (about%3Ablank) .

-Ends-

 

 Alkemy Capital Investments Plc    Tel: 0207 317 0636

 Sam Quinn                         info@alkemycapital.co.uk (about%3Ablank)

 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 (about%3Ablank)

                                   Tel: 0207 186 9927

 Isabella Pierre                   isabella.pierre@shardcapital.com (about%3Ablank)

 

 

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 in Teesside, a major UK Freeport, to build the
UK's first and Europe's largest lithium hydroxide processing facility.

 

Tees Valley Lithium has completed a Class 4 Feasibility Study for its proposed
lithium hydroxide refinery 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.

 

Alkemy has also secured a site near 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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