REG - Alkemy Capital Invs. - Wave engaged to deliver Class 4 Feasibility Study

Alkemy Capital InvestmentsAnnouncement

16/03/2022 07:00

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RNS Number : 9476E  Alkemy Capital Investments PLC  16 March 2022

 

16 March 2022

 

Alkemy Capital Investments Plc

 

 

Wave International engaged to deliver Class 4 Feasibility Study

ANZAPLAN engaged to undertake processing testwork

 

 

 

Alkemy Capital Investments plc ("Alkemy") is pleased to announce that its
wholly-owned subsidiary, Tees Valley Lithium ("TVL") is working rapidly
towards establishing the UK's first low-carbon, battery-grade lithium
hydroxide processing facility, located in Britain's largest and fastest
growing Freeport, Teesside.

A key milestone in this journey is the completion of the Class 4 Feasibility
Study ("Study"), which will define (among other things) the base case
technical and economic basis for the operation.

The Study will also become the basis for the finalisation of approvals, as
well as the next stages of detailed engineering development and major
equipment procurement.

TVL has commissioned Wave International ("Wave") to deliver the Study, which
is scheduled for release in April 2022. Wave is a leading consulting firm in
the battery and tech metals sector, with extensive upstream and downstream
lithium processing experience.

Having had significant involvement in the development of lithium hydroxide
refineries in Australia, Wave is bringing this world class experience to TVL
via their European operations. For more information on Wave, please visit
www.waveinternational.com (https://www.waveinternational.com/contact/)

The scope of the Study includes:

·    Metallurgical testwork programmes

·    Technical development of both conventional and electrochemical
processing routes for producing lithium hydroxide

·    Engineering development for a multi-train refinery on site at Wilton
International Chemical Park

·    Development of lithium supply strategies

·    Development of lithium and non-lithium product sales and marketing
strategies

·    Base data for completion of approvals

·    Capital and operating cost evaluations

·    Project economic evaluation

As the Study nears completion, key work programmes have advanced to a mature
stage.

 

 

Tees Valley Lithium, CEO John Walker commented:

 

"We are very pleased to be partnering with leading experts at Wave
International and ANZAPLAN in order to hit this important milestone in TVL's
journey. Our primary focus at TVL is to establish world-class Lithium
Hydroxide production in the Wilton International Chemical Park in the Teesside
Freeport to supply the burgeoning demand from Giga factories in the UK and
Europe."

 

Wave International and Wave Europe BV, Director Ryan Hanrahan commented:

"It's an exciting time in the lithium industry, and it's even more exciting to
be working with a company such as TVL. We fully support TVL's clear vision to
tackle the manufacturing of low carbon lithium, and address gaps in the UK /
EU supply chain. With the imminent completion of the Class 4 study,
underpinned by TVLs experienced management and site at the Wilton
International Chemical Park, we can see this project accelerating quickly
towards execution."

 

TECHNICAL UPDATE

Key metallurgical testwork programmes undertaken as part of the Study are
prepared by leading engineering consultants and laboratories, such as
JordProxa for the conventional route for lithium hydroxide production,
Anzaplan and electrosynthesis for the electrochemical route for the process
development and Nagrom Laboratories for the impurity removal.  All work
programmes have been designed and are managed by Wave.

In conjunction with our industry partners, TVL is developing a best-in-class
lithium hydroxide monohydrate refining process that will form part of the
company's intellectual property.

 WORK PROGRAMME                                      TECHNICAL PARTNER
 Impurity removal, conventional and electrochemical  Nagrom laboratories
 Conventional route lithium hydroxide production     JordProxa
 Electrochemical route process development           Anzaplan

 

For more information on JordProxa Laboratories, please click on the following
link www.jordproxa.com

For more information on Anzaplan, please click on the following link
www.anzaplan.com

For more information on Nagrom Laboratories, please click on the following
link www.nagrom.com.au

 

Impurity removal work at Nagrom; liquor after first impurity removal stage
(before filtration). To view the image, click on the following link
https://bit.ly/3IeiJkq (https://bit.ly/3IeiJkq) liquor and wash assay samples
after filtration. To view the image, click on the following link
https://bit.ly/3JrJkw5 (https://bit.ly/3JrJkw5)

BPED testwork configuration at Electrosynthesis. To view the image, click on
the following link https://bit.ly/3N0Y1sb (https://bit.ly/3N0Y1sb)

From left to right; Christoph Priess (Anzaplan), Dr Michael Barker (Wave), Dr
Daniel Rische and Dr Christian Graf (Anzaplan) discussing TVL electrochemical
testwork on site at Hirschau.

to view the image, click on the following link https://bit.ly/3q0nJTp
(https://bit.ly/3q0nJTp)

The testwork programmes are designed to validate the process design criteria
developed by Wave, and form the basis for future piloting / lithium hydroxide
monohydrate sample generation for sales and marketing.

 

Further information

For further information, please visit the Company's website:
www.alkemycapital.co.uk (http://www.alkemycapital.co.uk) or
www.teesvalleylithium.co.uk (http://www.teesvalleylithium.co.uk)

 

-Ends-

Sam Quinn

Director - Alkemy Capital Investments Plc

Telephone: 0207 317 0636

Email: info@alkemycapital.co.uk (mailto:info@alkemycapital.co.uk)

 

 

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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