Alkemy Capital Investments PLC has provided a corporate and strategic update, highlighting the robust macro outlook for lithium processing in Europe. Despite a recent fall in lithium prices, the demand for lithium in Europe continues to rise significantly. The company's Tees Valley Lithium refinery at the Wilton International Chemicals Park in Teesside is of strategic importance and has secured environmental and planning permission. It is expected to create over 1,000 local jobs in the UK when in full production in 2026.

The company has secured feedstock for the Wilton refinery's first train from global leader Wogen. Additionally, discussions for project financing are progressing well with multiple potential providers of debt, strategic equity, and green bond finance. Mezzanine finance discussions with tier one financial institutions are also advancing positively.

Alkemy is actively exploring opportunities to expand its downstream processing strategy to other key critical battery minerals in conjunction with strategic and industry partners. Chairman Paul Atherley expressed confidence in the company's progress, stating, "The success of these strategic initiatives and partnerships places us at the forefront of Europe's critical minerals processing sector."

Atherley also mentioned the company's commitment to becoming a leader in the low-carbon production of battery-grade lithium hydroxide. He highlighted the potential for Alkemy to develop a multi-minerals strategy, replicating its success across other key critical battery minerals.

In the short term, the company remains focused on securing mezzanine finance to advance the project, with positive progress reported in discussions with tier one financial institutions. Alkemy's initiatives and partnerships position it as a significant player in Europe's critical minerals processing sector, with potential for further expansion into other key critical battery minerals.

For more information, the full announcement can be accessed on the London Stock Exchange website.