Alkemy Capital Investments plc (LON:ALK) (JV2:FRA) has announced its wholly owned subsidiary, Tees Valley Graphite Limited (TVG), has entered into a non-binding memorandum of understanding with Syrah Resources Limited (ASX:SYR) for the establishment of a joint venture to develop a commercial-scale natural graphite active anode material processing facility located at the ‘plug-and-play’ Wilton International Chemicals Park within the Teesside Freeport, to supply AAM to the European market.
HIGHLIGHTS:
· MOU with Syrah for a joint venture to evaluate the development of a commercial-scale natural graphite AAM processing facility in the UK.
· Syrah and TVG intend to enter into a binding joint venture agreement in the near term and will each initially have a 50% interest in the joint venture.
· The Wilton AAM facility is proposed to be supplied with natural graphite from Syrah’s Balama graphite project in Mozambique, the world’s largest integrated graphite operation.