Alkemy Capital Investments plc (LON:ALK) (JV2:FRA) has provided a corporate and strategic update.
HIGHLIGHTS
· Project level financing discussions for Tees Valley Lithium’s refinery advancing with multiple potential providers of debt, strategic equity and green bond finance; mezzanine finance discussions to fund FEED progressing well with a shortlist of potential funding providers identified.
· Key technology partner with expertise in lithium refining identified by Tees Valley Lithium to help accelerate the electrochemical process; potential reductions in capex and opex for its Teesside refinery.
· Macro outlook for lithium processing remains robust despite a recent volatility in lithium prices, with European demand for lithium remaining on an unprecedented upward trajectory; UK battery supply chain continues to develop at pace.
· Collaboration with UK based lithium focussed Geothermal Engineering to enable the development of a UK battery grade lithium supply chain; R&D grant with Weardale Lithium is progressing well.
· Tees Valley Graphite has substantially progressed a legally binding joint venture agreement with Syrah Resources for its proposed graphite processing facility 50/50 joint venture.