REG - Alkemy Capital Invs. - Exclusivity Agreement Signed with Ara Partners

Alkemy Capital InvestmentsAnnouncement

12/05/2025 07:00

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RNS Number : 2341I  Alkemy Capital Investments PLC  12 May 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE
MARKET ABUSE REGULATION NO. 596/2014 ("MAR") AS IN FORCE IN THE UNITED
KINGDOM PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

 

12 May 2025

 

Alkemy Capital Investments Plc

 

Exclusivity Agreement Signed with Ara Partners

 

Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) (JV2:FRA), is pleased to
announce that it has entered into an exclusivity agreement with Ara Advisers
LLC ("Ara" or "Ara Partners"), a global private equity firm specialising in
industrial decarbonisation, in connection with a proposed investment in
Alkemy's wholly owned subsidiary, Tees Valley Lithium Limited ("TVL").

 

Alkemy has signed an exclusivity agreement with Ara, giving them the sole
right to negotiate terms for a strategic investment in TVL by 31 July 2025.
The investment would provide full funding to complete TVL's Front-End
Engineering Design (FEED) study and cover the equity component required for
the project to reach Final Investment Decision (FID)

 

This agreement comes at a time when TVL is advancing its FEED study, with key
optimisations already completed. These include an increase in planned output
for Train 1 to 25,000 tonnes per annum of battery-grade lithium hydroxide,
strengthening both the projects strategic relevance to the European battery
supply chain, and the project economics.

 

TVL is developing the UK's flagship lithium refining facility to supply the
growing demand for battery-grade lithium products across electric vehicles and
energy storage systems. A further update will be provided in due course.

 

 

About Ara Partners

 

Founded in 2017, Ara Partners is a global private equity and infrastructure
firm dedicated to decarbonizing the industrial economy. Ara seeks to build,
scale, and optimize companies with significant decarbonization impact across
the industrial and manufacturing, chemicals and materials, energy efficiency
and fuels, and food and agriculture sectors. The company operates from offices
in Houston, Boston, Dublin and Washington, D.C.. As of December 31, 2024, Ara
Partners had approximately $6.2 billion of assets under management.

 

 

 

Alkemy Chairman Paul Atherley commented:

 

"We are delighted to be working with Ara Partners as a potential equity
partner in TVL. Ara has a strong track record of supporting early-stage
companies and helping them scale into successful, operational businesses. We
believe their funding capability and deep experience, makes them an excellent
fit for TVL as this pivotal stage of its development. Ara's decision to secure
exclusivity is a clear vote of confidence in our team, our model, and our
vision for the UK's flagship lithium refinery."

 

 

 

 

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

                                 info@alkemycapital.co.uk (mailto:info@alkemycapital.co.uk)
 Zeus Capital                    Tel: 0203 829 5000

 

ABOUT US

 

Alkemy Capital Investments plc: Alkemy is focused on the development of
critical mineral infrastructure to support the global energy transition.
Through its wholly owned subsidiary, TVL, Alkemy is leading the way in
establishing Europe's first independent lithium hydroxide refinery.

 

Tees Valley Lithium Limited: TVL is committed to supplying battery-grade
lithium chemicals to meet the growing demand of the electric vehicle supply
chain in Europe. Strategically located at in Teesside, UK, TVL is developing a
low-carbon, independent lithium supply chain for European battery
manufacturers.

 

 

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. In
addition, factors that could cause actual events to differ materially from the
forward-looking information stated herein 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.

 

Disclaimers

Ara and Alkemy each reserve the right in their sole and absolute discretion
and without giving reasons, at any time without notice and in any respect, to
change or terminate the procedure for the strategic investment in TVL or to
terminate negotiations with each other.  The issue of this announcement shall
not be taken as any form of commitment on the part of Ara to proceed with any
transaction or investment.

Additionally, consummation of the proposed strategic investment and the final
terms of such investment is subject to the satisfactory completion of due
diligence, agreement of definitive legal documentation and any and all
approvals by Ara Partners Investment Committee (in its sole discretion).

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