TIDMALK
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 or TVL's website
www.teesvalleylithium.co.uk .
-Ends-
Alkemy Capital Investments Plc Tel: 0207 317 0636
Sam Quinn 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
Tel: 0207 186 9927
Isabella Pierre 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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