REG - Alkemy Capital Invs. - Tees Valley Lithium Financing and Project Delivery

Alkemy Capital InvestmentsAnnouncement

10/11/2025 07:00

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RNS Number : 7448G  Alkemy Capital Investments PLC  10 November 2025

 

10 November 2025

Alkemy Capital Investments Plc

Tees Valley Lithium Financing and Project Delivery

 Leadership Focus on FID in Q1 2026

Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) (FRA: JV2) is pleased to
provide an update on the continued progress of Tees Valley Lithium Limited
("TVL") as it advances its Front-End Engineering Design ("FEED") study and
gears up for project-level financing for the construction of Train 1 of its
lithium hydroxide refinery at Teesside Freeport.

 

Following the recent appointment of ABG Sundal Collier ASA ("ABGSC") as
exclusive manager, bookrunner and financial advisor for TVL's proposed US$245
million bond and equity financing, TVL is now progressing at speed with the
financing phase of the project.

 

To support this next stage, Vikki Jeckell will step down as a Director of
Alkemy, effective immediately, to dedicate her full focus to her role as Chief
Executive Officer of TVL, overseeing governance and project delivery as the
company targets a Final Investment Decision (FID) in Q1 2026.

 

Front-End Engineering Design (FEED) Progress

 

The FEED study led by Veolia and Wave International, continues to progress at
pace with several key workstreams advancing:

 

·    Process design optimisation to validate process flows and material
balances for multi-feedstock flexibility.

 

·    Layout and modularisation design refined to enhance constructability,
safety, and operational efficiency.

 

·    Earthworks, concrete, and structural steelwork disciplines now at an
advanced stage of capital cost estimation, each demonstrating a downward trend
against current CAPEX estimates.

 

·    Operational cost improvement, with an expected reduction in OPEX
following the UK Government's announcement on 31 October 2025 of an increased
British Industry Supercharger Scheme discount from 60% to 90%.

 

·    Ongoing operational readiness and supply chain engagement, including
the forthcoming TVL Supply Chain Briefing Event in Redcar, to connect UK
suppliers with opportunities during construction and operation.

 

Chairman of Alkemy, Paul Atherley, commented:

 

"With ABG Sundal Collier leading project-level financing and the FEED study
progressing on schedule, Tees Valley Lithium continues to build the
foundations for construction and operation of a new UK lithium refinery at
Teesside Freeport."

 

Tees Valley Lithium CEO, Vikki Jeckell, added:

 

"We are maintaining strong progress across all technical and cost workstreams.
The move towards project-level financing marks the next step in bringing the
refinery to life and positioning TVL as a cornerstone of the UK's battery
materials supply chain. The upcoming supply chain event will also ensure UK
industry benefits from the opportunities created by the project"

 

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 dedicated to providing battery-grade
lithium chemicals to meet the growing demand of the electric vehicle supply
chain in Europe. Strategically located at in Teesside, TVL is committed to
sustainable, efficient, and world-class operations.

 

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.

 

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