TEESSIDE REFINERY SHOVEL-READY, PORT HEDLAND LAND SECURED AND GLOBAL LITHIUM DEMAND CONTINUES TO GROW

Alkemy and Tees Valley Lithium are pleased to provide a corporate update on recent activities and milestones. 

HIGHLIGHTS

• Macro outlook for lithium processing remains extremely robust with 700GW of gigafactory capacity planned for Europe with currently limited lithium refining capacity in the UK and Europe.

• TVLs world class Wilton lithium hydroxide refinery, one of Europes largest and most advanced, has received environmental and planning permission, is shovel ready, with final FEED engineering studies now underway.

• Alkemys Port Hedland lithium sulphate refinery is advancing rapidly with land secured at the Boodarie Strategic Industrial Area alongside multinationals BP, POSCO and Fortescue Metals, with the environmental and planning approvals process and feasibility and engineering studies underway.

• Lithium offtake secured with Recharge Industries, the new owners of Britishvolt, to supply tolled low-carbon lithium hydroxide, with other European offtake deals currently being advanced.

• Feedstock identified for both the Port Hedland and Wilton refineries with Alkemy in late-stage discussions for supply deals with multiple potential suppliers including well known automakers, miners and commodity trading houses.

• Project financing discussions advancing with multiple potential providers of debt, strategic equity and green bond finance.

Director Sam Quinn commented:

Since the inception of our company little over a year ago, we have made incredible progress in advancing both of our lithium refinery projects, including securing key sites in Teesside and Port Hedland, receiving planning and environmental permissions, establishing offtake and other key strategic partnerships along with key governmental, industry and media recognition.

We continue to advance discussions with several key potential feedstock suppliers and consider that a binding deal with any one or more of these parties would be a company-maker. 

We firmly believe that the quality of our offering as one of the worlds lowest-carbon and Europes largest refiners of zero waste battery-grade lithium hydroxide, together with the rapid project advancements made to date, stand us in good stead in these negotiations.