MOU WITH ALTILIUM METALS FOR LITHIUM SULPHATE FEEDSTOCK AND LITHIUM HYDROXIDE OFFTAKE

Tees Valley Lithium is pleased to report that it has entered into an MOU with Altilium Metals Limited.

HIGHLIGHTS

• Altilium Metals is a UK based clean tech group whose planned battery recycling facility in Teesside will have capacity to process scrap from 150,000 EVs and to produce 30,000 tonnes of Cathode Active Material per year, enough to power 20% of new EVs produced in the UK by 2030, making it one of the largest in Europe
  
• TVL and Altilium Metals have agreed to collaborate on the supply of lithium sulphate feedstock to TVL from Altilium Metals battery recycling facility and will also investigate the supply by TVL of lithium hydroxide for Altilium Metals planned Cathode Active Materials production facility, also in Teesside
  
• TVL and Altilium Metals will also work together to source further lithium feedstock and to collaborate to ensure a sustainable and robust battery supply chain of Cathode Active Materials to the North East of the UK

Altilium Metals, a clean energy group focused on supporting the transition to net zero, and TVL, developers of the UKs first and Europes largest lithium hydroxide processing facility, have entered into a MOU which will see the two companies collaborate to establish a sustainable and robust supply chain of critical battery minerals in the North East of England.

Under the terms of the MOU, TVL will investigate the supply of lithium hydroxide to Altilium Metals planned cathode active materials ("CAM") production facility in Teesside. There it will be combined with critical metals recovered from end-of-life batteries and gigafactory scrap to produce CAM, the key component in the production of lithium-ion batteries, giving full battery circularity.

TVLs processing hub at the Wilton International Chemicals Park is in close proximity to Altilium Metals planned battery recycling facility, also located in Teesside, that will have capacity to process scrap from over 150,000 EVs per year, making it one of the largest in Europe and the only one of its kind in the UK.

The two companies will also collaborate on the supply of lithium sulphate recovered from battery waste to TVLs refinery.

By sourcing raw materials recovered from battery waste in the UK, TVL will further reduce the carbon footprint of its refinery, by reducing its reliance on imported feedstocks. According to recent analysis by McKinsey, the carbon emissions of recycled battery materials are about four times lower than for newly mined battery materials. TVL aims to supply its UK and European customers with the world's lowest-carbon lithium hydroxide.

In a further boost to the sustainability of both facilities, Altilium Metals plans to reuse waste sulphuric acid produced at TVLs refinery to extract lithium and other critical metals from battery waste at its hydrometallurgical recycling facility.

The two Teesside-based facilities look set to play a significant role in the UK's transition to electric vehicles and the development of a secure and sustainable domestic supply chain for lithium. TVL's refinery is expected to produce enough lithium hydroxide to supply 100% of the forecasted automotive demand in the UK by 2030.

Altilium Metals planned recycling plant will produce 30,000 tonnes of CAM a year enough to power 20% of new EVs produced in the UK by 2030.

Altilium Metals CTO, Dr Christian Marston, commented:

We look forward to working with our neighbour in Teesside on a domestic, sustainable and low carbon source of critical minerals for a UK electrified supply chain, supporting directly the UKs net zero ambitions and its energy security.

Sam Quinn, Director of Tees Valley Lithium, commented: 

"We are delighted to be collaborating with Altilium Metals and our respective Teesside facilities will play a significant role in the UKs transition to EVs and in the development of a UK domestic lithium supply chain.

TVL aims to supply its UK and European customers with the world's lowest-carbon lithium hydroxide and by sourcing lithium feedstock materials recovered from battery waste in the UK, TVL will further reduce the carbon footprint of its refinery.