New Britishvolt owner signs MoU with Tees Valley Lithium

Recharge, is an Australian lithium-ion battery company, has successfully bid to purchase Britishvolt’s planned £3.8 billlion lithium-ion factory in Northern England. Following the acquisition, Recharge has entered into an Memorandum of Understanding with Tees Valley Lithium (TVL) under which TVL has agreed to supply tolled lithium hydroxide to Recharge from its facility in Teesside. The companies will work towards a definitive offtake and supply agreement.

The two companies will also work together to jointly source lithium spodumene to be used in TVL’s refinery in Port Hedland, Western Australia for conversion to lithium sulphate to be shipped to Teesside, UK for conversion into lithium hydroxide.

Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.

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