REG - Alkemy Capital Invs. - TVL Collaborates with Veolia

Alkemy Capital InvestmentsAnnouncement

31/01/2025 07:00

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RNS Number : 3436V  Alkemy Capital Investments PLC  31 January 2025

31 January 2025

Alkemy Capital Investments Plc

TVL Collaborates with Veolia to Accelerate Europe's Lithium Supply Chain

Alkemy Capital Investments plc ("Alkemy") (LSE: ALK) (JV2:FRA), the 100% owner
of Tees Valley Lithium ("TVL"), is delighted to announce that an agreement has
been signed with Veolia Water Technologies Inc. ("Veolia"), a world leader in
water technologies and circular economy. This collaboration aims to support
the development of TVL's first lithium hydroxide refinery train at Teesside,
UK.

Veolia's proven experience in lithium processing, highlighted by their role in
various lithium hydroxide production facilities, brings unparalleled expertise
to TVL's mission to deliver battery-grade lithium hydroxide.

This collaboration will integrate state-of-the-art artificial intelligence
(AI) and digital twin technologies to optimize processes, reduce costs, and
mitigate operational risks while ensuring compliance with industry standards.

HIGHLIGHTS

●    Veolia's proven track record in lithium processing, including
lithium carbonate to lithium hydroxide conversion, brings unrivalled technical
capabilities to TVL's project.

●    The Integration of AI and digital twin technologies will enhance
efficiency, optimize processes, and set new benchmarks for lithium refining in
the UK and Europe.

●    Veolia will provide technical support and key input into TVL's FEED
study, to be led by global lithium specialist firm Wave International,
providing a clear and de-risked pathway to construction and production.

●    A focus on modular engineering solutions will ensure a
cost-effective, scalable operation that positions TVL as a key supplier for
the UK and Europe's rapidly expanding EV market.

●    TVL's previously announced feedstock deal with Wogen to deliver a
reliable supply of raw materials will enable the collaboration with Wave
International and Veolia to focus on optimising plant performance and
operational efficiencies.

 

Alkemy Chairman Paul Atherley commented:

"This collaboration with Veolia strengthens our position as a leader in the
European lithium refining market. Veolia's deep expertise and cutting-edge
technologies will engender confidence in our ability to deliver a reliable,
cost-effective lithium supply chain for Europe's rapidly growing EV sector."

Veolia Water Technologies Inc. Vice President Mark Boone commented:

"Veolia is excited to contribute our comprehensive expertise to the TVL
project, including process development, laboratory validation testing,
engineering, and global equipment supply capabilities. This collaboration
supports Europe's efforts to secure essential minerals, actively driving the
decarbonization of transportation. Leveraging our technical capabilities for
this crucial market perfectly aligns with our GreenUp strategic plan."

Wave International CEO Ryan Hanrahan commented:

"A key philosophy of the TVL project is to maximise leverage from industry
learnings. The combined global experience of the Veolia and Wave teams
provides a springboard for TVL to deliver a robust and derisked FEED ahead of
FID. We genuinely look forward to working with Veolia on the process
technology package."

 

The collaboration with Veolia will focus on the following key areas:

●    Process validation and optimization to refine TVL's operational
blueprint for high efficiency and quality.

●    Leveraging AI and digital twin tools to set a benchmark for lithium
refining excellence in the UK and Europe.

●    A modular engineering approach to maximise scalability and
efficiency to support the rapid growth of the EV market.

●    Delivering the key milestones required for a smooth transition to
construction and production.

 

With Veolia's support, TVL is well-positioned to complete its FEED study and
transition seamlessly to construction and production. This collaboration
reflects a significant milestone in the company's journey to establish a
reliable, sustainable, and world-class lithium refining operation in the UK.

About Veolia

Veolia's ambition is to become the benchmark company for ecological
transformation. Present on five continents with nearly 218,000 employees, the
Group designs and deploys useful and concrete solutions for water, waste and
energy management that help to radically change the game. Through its three
complementary activities, Veolia contributes to developing access to
resources, preserving available resources and renewing them.

www.veoliawatertechnologies.com/en/core-markets/lithium-processing-and-recycling
(http://www.veoliawatertechnologies.com/en/core-markets/lithium-processing-and-recycling)

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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