REG - Alkemy Capital Invs. - TVL Industry Engagement Update

Alkemy Capital InvestmentsAnnouncement

19/03/2026 07:02

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RNS Number : 2228X  Alkemy Capital Investments PLC  19 March 2026

19 March 2026

 

Alkemy Capital Investments Plc

 

TVL Industry Engagement Update

 

Alkemy Capital Investments plc (LSE: ALK) is pleased to provide an update on
recent industry engagement activities undertaken by its wholly owned
subsidiary, Tees Valley Lithium ("TVL"), which continues to see strong
engagement across the European battery supply chain, as industry participants
increasingly prioritise the development of domestic lithium refining capacity.

 

Industry Engagement

 

Representatives of TVL attended the Benchmark GigaEurope Conference in
Brussels last week, a leading industry event focused on the global battery
supply chain.

 

TVL entered the conference with an established commercial position, including
a binding offtake agreement for up to 40 per cent of planned production
capacity with a wholly owned subsidiary of Glencore Plc.

 

During the conference, TVL held a series of meetings with participants across
the battery materials ecosystem, including lithium feedstock suppliers and
Tier 1 cathode and battery manufacturers. These discussions focused on
potential collaboration across feedstock supply and additional product
offtake, as the Company continues to build out its commercial framework.

 

Following the conference, the Company has commenced follow-up discussions with
a number of counterparties across the battery supply chain, including
potential feedstock suppliers and Tier 1 offtake participants.

 

Project Development

 

Following completion of the Front-End Engineering Design study, TVL has
initiated the next phase of project development, focused on advancing
commercial, financing and delivery workstreams.

 

The Company continues to engage with participants across the battery supply
chain alongside progressing the development of the Tees Valley Lithium
project.

 

Issue of Shares

 

The Company also announces that it has agreed to issue 100,000 new ordinary
shares (the "New Ordinary Shares") at £3.97 per share, being the closing
price on 18 March 2026, to Wave International ("Wave") in connection with
engineering and project development services provided to TVL.

 

Wave has supported the delivery of engineering work for the Tees Valley
Lithium project, including contributions to the completed Front End
Engineering Design study. The issuance of shares reflects the agreed
commercial framework between the parties and provides alignment with the
continued development of the Tees Valley Lithium project.

 

Application will be made for the New Ordinary Shares to be admitted to trading
on the Equity Shares (transition) category of the Official List and the Main
Market of the London Stock Exchange at 8.00 a.m. on 24 March 2026
("Admission").

The Company also announces that it has issued 61,004 warrants at an exercise
price of £6.15 for a period of 48 months.

 

TVL CEO Vikki Jeckell commented:

 

"The level of engagement we are seeing across the European battery supply
chain reflects both the progress of the Tees Valley Lithium project and the
increasing focus on establishing domestic lithium refining capacity.

 

Our recent discussions with participants across feedstock supply and Tier 1
customer markets highlight the importance of developing reliable refining
infrastructure within Europe, and we continue to advance these engagements as
we progress the project through its next phase of development."

 

 

Total Voting Rights

The Company hereby notifies the market, in accordance with the FCA's
Disclosure Guidance and Transparency Rules, that on Admission, the Company's
enlarged share capital will consist of 10,976,625 Ordinary Shares. This figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

 

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 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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