RE: posted on the home page today26 Nov 2022 11:43
For those who think Portland may be beyond UKOG's means, this news may be of interest:
"Alkemy Capital Investments motored ahead on the news that its Tees Valley Lithium unit had received planning permission to build Europe's largest lithium hydroxide refinery at Teeside. The project, which is earmarked to create 1,000 jobs, aims to supply the electric vehicle battery industry.
However, while the shares raced up 50p, or 21.7%, to 280p, there is still a long way to go. Alkemy has a market value of around £20m but needs to raise $300m in equity and debt to build the plant" (from the Times' market report).