Alkemy Capital Investments plc (LON:ALK) (JV2:FRA) has provided an update on the supply of feedstock and the sale of lithium products from its proposed facilities at the Teesside Freeport, UK and Port Hedland, Western Australia.
HIGHLIGHTS:
· Following extensive technical and commercial due diligence, Tees Valley Lithium has been shortlisted by a major automotive OEM as the preferred European lithium refiner for a portion of its lithium supply chain
· The due diligence focussed on Tees Valley Lithium’s ability to import a lithium sulphate from its Port Hedland facility in Western Australia and the conversion into battery grade lithium hydroxide or carbonate at an internationally competitive price
· Discussions are also advancing well with third parties, including other automotive OEMs, for access to Tees Valley Lithium’s multi-train facilities using either an intermediate lithium sulphate produced at Port Hedland in Australia, or lithium sulphate produced elsewhere for refining into battery grade lithium products to access international markets via the Teesside Freeport
· Discussions are ongoing with two major trading groups to supply technical grade carbonate from South America and elsewhere to feed directly one of the trains at Tees Valley Lithium’s Wilton refinery to produce battery grade lithium products on a toll treatment basis.