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LONDON - Alkemy Capital Investments PLC (ALK:LSE) (JV2:FRA) has released its audited Annual Report and Accounts for the year ended January 31, 2025, highlighting its principal asset, Tees Valley Lithium Limited (TVL), and its ongoing efforts to establish the UK’s flagship lithium refinery in Teesside’s Freeport. The project is expected to produce up to 96,000 tonnes per annum of battery-grade lithium, sufficient to support the manufacture of approximately 2 million electric vehicles annually.
TVL has made significant strides over the past year, including the appointment of ABG Sundal Collier as financial advisor and a partnership with Veolia Water Technologies Inc. to enhance the Front-End Engineering Design (FEED) study. The company has also been advancing its feedstock and offtake strategy through agreements with global suppliers and end users.
Collaborative efforts with Geothermal Engineering Limited (GEL) and Weardale Lithium are aimed at creating a vertically integrated UK lithium supply chain. The project’s strategic position is further bolstered by an exclusivity agreement with Ara Partners for a potential strategic investment in TVL.
Despite being pre-revenue, Alkemy is focused on developing critical mineral infrastructure to support the energy transition. Over 1.9 million electric vehicles were sold in the EU and UK in 2024, with forecasts indicating a significant demand for battery-grade lithium in Europe by 2030. Alkemy’s UK-based refining capacity aims to reduce strategic dependence on Asia and align with evolving ESG and regulatory requirements.
The Annual Report is available on Alkemy’s website, and the company remains committed to providing updates on the progress of TVL’s FEED study, funding discussions, and the development of its critical minerals platform.
This summary is based on a press release statement from Alkemy Capital Investments PLC.
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