REG - Alkemy Capital Invs. - UK Minister Port Hedland Site Visit

Alkemy Capital InvestmentsAnnouncement

17/04/2023 07:00

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RNS Number : 3989W  Alkemy Capital Investments PLC  17 April 2023

 

17 April 2023

 

Alkemy Capital Investments Plc

 

UK Indo-Pacific Minister and Western Australian mining giants in Port Hedland

to discuss the future of Australia to UK critical minerals

 

 

Last week, the team at Alkemy Capital Investments plc ("Alkemy") (ALK:LSE)
(JV2:FRA) were invited to meet with the UK Minister for the Indo-Pacific, Rt
Hon Anne-Marie Trevelyan to discuss the future working relationship between
Australia and the UK to futureproof supplies of minerals that will be central
to delivering the world's net zero pledges.

 

The Alkemy team spent the day with Minister Trevelyan visiting Port Hedland,
Australia's largest port and the base for Alkemy's planned Lithium Sulphate
Refinery.

 

The Alkemy team, Minister Trevelyan, and representation from Western
Australian mining giants Mineral Resources and Pilbara Minerals were hosted by
Pilbara Ports Authority who showcased their world-class port infrastructure
and the plans for the new critical minerals wharf at Lumsden Point, located
within Port Hedland.

Earlier this year, Alkemy's wholly-owned subsidiary Tees Valley Lithium
("TVL") announced the company had secured a 43ha freehold site at the Boodarie
Strategic Industrial Area, located 12km south of Port Hedland, to build a
standalone low-carbon Lithium Sulphate refinery.

The site is ideally located close to power (both existing and planned
renewables), gas and port infrastructure with easy direct road access to the
new Lumsden Point container berth.

Through both the Port Hedland Lithium Sulphate refinery, and the Lithium
Hydroxide refinery based in Teesside UK, TVL will have the capacity to process
180,000 tpa of lithium spodumene to 24,000 tpa of lithium hydroxide and aims
to become the world's lowest embedded carbon lithium refiner. TVL is currently
in active discussions with potential feedstock partners.

Alkemy and TVL are creating the link between the world's largest spodumene
miners and Europe's burgeoning EV market.

Minister for the Indo-Pacific Anne-Marie Trevelyan said in a press release
last week:

"Australia's unmatched production capacity, combined with the UK's mineral
trading and finance expertise, will boost global supplies, help protect supply
chains from future shocks, and support thousands of skilled, high-paying
jobs."

Sam Quinn, Director of Alkemy commented:

"Tees Valley Lithium is offering Western Australian lithium miners the
opportunity to diversify their revenue streams by processing spodumene at
Boodarie into a primary lithium sulphate, refining into either a hydroxide or
carbonate at Wilton in the UK, and sell a branded product into the European
premium market."

To view the images of the site visit, please click on the following
link http://www.rns-pdf.londonstockexchange.com/rns/3989W_1-2023-4-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3989W_1-2023-4-17.pdf)

 

For further information, please visit Alkemy's website:
www.alkemycapital.co.uk (https://www.alkemycapital.co.uk/) or TVL's website
www.teesvalleylithium.co.uk (https://teesvalleylithium.co.uk/) .

 

-Ends-

 

 Alkemy Capital Investments Plc    Tel: 0207 317 0636

 Sam Quinn                         info@alkemycapital.co.uk (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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