IN BRIEF: Alkemy Capital optimistic on lithium process outlook

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and ...

Alliance News 18 January, 2024 | 2:28PM
Email Form Facebook Twitter LinkedIn RSS

Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Believes macroeconomic outlook for lithium processing "remains extremely robust" despite recent price drop with demand rising in Europe. Tees Valley Lithium's refinery in Teeside has secured environmental and planning permission with production set for 2026, as well as feedstock. Alkemy is focused on securing mezzanine finance in the short term, and discussions are advancing with potential lenders. Meanwhile company is "actively exploring opportunities" to expand its downstream processing capabilities in conjunction with industry and strategic partners.

Chair Paul Atherley says: "Since the inception of our company, we have made excellent progress in advancing our lithium refinery projects...[which] places us at the forefront of Europe's critical minerals processing sector, and we are now poised to replicate this success across other key critical battery minerals, that could deliver for Alkemy a potentially transformational multi-minerals strategy."

Current stock price: 100.00 pence, up 11% on Thursday afternoon

12-month change: down 57%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Alkemy Capital Investments PLC Ordinary Shares 104.00 GBX -8.97 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures