REG - Alkemy Capital Invs. - TVL Management Recruitment

Alkemy Capital InvestmentsAnnouncement

28/04/2023 08:00

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RNS Number : 7894X  Alkemy Capital Investments PLC  28 April 2023

 

 

 

28 April 2023

 

Alkemy Capital Investments Plc

 

TVL Management Recruitment for Financing and Construction

 

 

Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) and its
wholly-owned subsidiary Tees Valley Lithium Limited ("TVL") are pleased to
provide an update on management, staffing and recruitment for TVL.

 

HIGHLIGHTS

 

·    Successful completion of initial phase of TVL's development - TVL's
world class Wilton lithium hydroxide refinery, one of Europe's largest and
most advanced, has received environmental and planning permission, is shovel
ready, with final FEED engineering studies now underway

 

·    Results to date achieved through a lean management team profile with
expertise in early stage project development designed to keep costs and
overhead to a minimum

 

·    Management recruitment process well underway targeting seasoned
senior management team to lead the next phase of financing and construction of
TVL's Wilton refinery

 

Over the past 12 months, TVL has made incredible progress in securing and
advancing its lithium hydroxide refinery in Teesside, which is now shovel
ready. This has been achieved through the work of a loyal and dedicated team
with extensive experience in the materials processing and lithium supply chain
sectors, working alongside Wave International, our lead engineering and
technical partner.

 

Now that TVL's initial development phase has completed and as it transitions
towards project financing and construction, the company needs to continue
evolving its board and management team to ensure it has the appropriate mix of
operational skills and experience to successfully execute on its strategy.

 

As part of this transition, John Walker has agreed to step down as CEO of TVL
to focus on his other business activities in the sector.

 

TVL's current team together with Wave International remain highly focussed on
all existing workstreams, including feedstock and offtake, engineering and
procurement and project financing, which will continue uninterrupted during
this transitioning period.

 

In parallel to this the TVL board will now focus on the recruitment of
seasoned professionals with experience in leading and managing chemical
refining projects and are currently in discussions with several high calibre
individuals to fill these positions.

 

 

Sam Quinn, Director of Tees Valley Lithium, commented:

 

"Since its inception in early 2022, TVL has undergone a transformative period
which has seen it make large strides to becoming the first UK producer of
lithium hydroxide.

 

During this period John has been invaluable in helping us achieve several
critical milestones, most notably by helping TVL secure planning permission
for its refinery in Wilton late last year, and we wish him well in his future
endeavours.

 

Now that we are moving rapidly towards project financing and construction, we
consider it is appropriate to begin to assemble a leadership team with a track
record of operating and delivering on similar projects. We are pleased to
advise that the quality of our project has enabled us to attract several
exceptional potential candidates and we expect to update the market shortly as
and when such senior appointments are made."

 

 

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

 Sam Quinn                         info@alkemycapital.co.uk (mailto:info@alkemycapital.co.uk)

 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 (mailto:damon.heath@shardcapital.com)

                                   Tel: 0207 186 9927

 Isabella Pierre                   isabella.pierre@shardcapital.com (mailto:isabella.pierre@shardcapital.com)

 

 

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 in Teesside, a major UK Freeport, to build the
UK's first and Europe's largest lithium hydroxide processing facility.

 

Tees Valley Lithium has completed a Class 4 Feasibility Study for its proposed
lithium hydroxide refinery 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.

 

Alkemy has also secured a site near 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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