REG - Alkemy Capital Invs. - Long Term Lease Agreed for TVL’s Lithium Facility

Alkemy Capital InvestmentsAnnouncement

20/12/2022 07:00

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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 (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)

 Buchanan                          Tel: +44 (0)20 7466 5000

 Oonagh Reidy/Abigail Gilchrist    TVL@buchanan.uk.com (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 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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