REG - Alkemy Capital Invs. - Corporate Update

Alkemy Capital InvestmentsAnnouncement

29/09/2022 07:00

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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 £1.50 per share. 40,000 of these options will vest only when
the share prce trades at £5 per share or higher for 10 consecutive days and
the remaining 60,000 shares will vest only when the share price trades at £10
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 (http://www.alkemycapital.co.uk) or
www.teesvalleylithium.co.uk (http://www.teesvalleylithium.co.uk) ).

 

Further information

 

For further information, please visit Alkemy's website:
www.alkemycapital.co.uk (http://www.alkemycapital.co.uk) or TVL's website
www.teesvalleylithium.co.uk (http://www.teesvalleylithium.co.uk) .

-Ends-

 

 Alkemy Capital Investments Plc    Tel: 0207 317 0636

 Sam Quinn                         info@alkemycapital.co.uk (mailto:info@alkemycapital.co.uk)

 Buchanan                          Tel: +44 (0)20 7466 5000

 Bobby Morse/Abigail Gilchrist     TVL@buchanan.uk.com (mailto: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 (mailto:damon.heath@shardcapital.com)

                                   Tel: 0207 186 9927

 Isabella Pierre                   isabella.pierre@shardcapital.com (mailto: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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