Alkemy Capital. Regulatory News (ALK)

29 September 2022

Alkemy Capital Investments Plc

Corporate Update

Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) and its wholly-owned subsidiary Tees Valley Lithium Limited ("TVL") are pleased to provide a corporate update in relation to the proposed Lithium Sulphate plant at Port Hedland, Australia and Lithium Hydroxide plant at the Wilton International Chemicals Park, Teesside, UK.

HIGHLIGHTS

· Experienced company executive and project builder Tony Veitch appointed to lead the development of the Port Hedland Lithium Sulphate (LSM) plant in Western Australia.

· Spodumene feedstock now identified for the Port Hedland LSM plant with Alkemy in advanced discussions with multiple potential suppliers.

· Alkemy also in advanced discussions with potential European-based offtakers of lithium hydroxide from TVL's Lithium Hydroxide (LHM) facility at Wilton International.

· Alkemy is now listed on the Frankfurt Stock Exchange under the ticker JV2.

· Last week TVL presented at the Fastmarkets Raw Battery Minerals Conference in Barcelona, showcasing the company's world-class independent and sustainable processing plans.

· TVL hosted two site visits this month at the Wilton International Chemicals Park and the Teesside Freeport UK, with guests including Traxys, institutional investors and local Government.

Alkemy and TVL Director, Sam Quinn, commented:

"Alkemy is delighted to announce the appointment of Tony Veitch to lead the development of TVL's LSM facility at Port Hedland. Tony is a highly capable executive with a successful track record of developing and building projects in the natural resources sector and we look forward to working with him on this groundbreaking project.

Alkemy and TVL have also rapidly progressed discussions across the board with potential counterparties for both feedstock and offtake and we look forward to updating the market as agreements are reached in due course.

More than 700 GW of lithium battery gigafactories are planned for construction across Europe which will require over 325,000 tonnes of LHM per annum from 2025, and currently there is no LHM production capacity in Europe or the UK.

The Port Hedland LSM plant, together with TVL's planned LHM processing facility at the Wilton International Chemicals Park in Teesside, UK, will deliver a low carbon, de-risked lithum supply chain between Australian spodumene producers and the burgeoning European lithium battery cell market."

Appointment of Tony Veitch to Lead the Development of LSM facility in Port Hedland

Alkemy and TVL are delighted to announce the appointment of Tony Veitch to lead the development of the LSM Facility at Port Hedland, Western Australia.

Tony is an experienced company director and executive having worked for over 20 years in senior corporate leadership roles in Western Australia and the UK. Tony was a founding director of Mach Energy Australia Pty Ltd, one of Australia's most successful independent thermal coal producers, and a founding director of Atlantic Vanadium Pty Ltd, where he oversaw the development and construction of Australia's only vanadium production facility.

Tony has a proven track record in negotiating complex transactions, financing major projects, building highly capable teams and developing major process plants in the natural resources sector and the Alkemy Board and team looks forward to working with him.

Discussions Regarding Feedstock Supply and Offtake Rapidly Advancing

TVL, together with its partners, have in recent weeks rapidly advanced discussions with several key potential counterparties to supply lithium feedstock to TVL's LHM processing facility in the UK and feedstock in the form of spodumene concentrate to the Port Hedland LSM plant in Western Australia.

In addition, offtake discussions have progressed well with several substantial potential counterparties.

Alkemy will keep the market informed as and when agreement is reached with any of these counterparties.

Extension of Exclusivity Agreement for Site at Wilton International

TVL announces that further to its press release of 25 February 2022, the exclusivity period with Sembcorp Energy UK has been extended by the parties until 31 October 2022 to facilitate ongoing discussions with the aim of concluding legal documentation for the Agreement to Lease at Wilton International by that date.

Alkemy Capital Investments Plc Listing on Frankfurt Stock Exchange

Alkemy Capital Investments Plc has listed on the Frankfurt Stock Exchange, under the ticker FRA:JV2 with on market trading now available.

Fastmarkets Battery Raw Materials Conference 2022

Last week, TVL CEO John Walker presented at the Fastmarkets Battery Raw Materials Conference 2022, which had a strong focus on sustainability and innovation.

John emphasised the TVL strategy: to become the world's first independent and sustainable lithium processing hub by supplying European gigafactories with low-carbon battery-grade lithium hydroxide. 

By refining spodumene to Lithium Sulphate in Western Australia using local renewable energy and shipping the higher-grade lower-volume product to the Wilton International Chemicals Park in Teesside UK, TVL will reduce shipping emissions by over 85%.

Utilising state-of-the-art electrochemical processing and powered by 100% certified renewable energy, TVL's Lithium Hydroxide plant at Wilton will be one of the world's lowest carbon lithium operations.

TVL's operations will provide a de-risked lithium supply chain solution by giving Australian spodumene miners direct access to Europe's burgeoning battery cell market.

September Site Visits at Wilton International Chemicals Park UK

This month, the Alkemy and TVL team hosted two separate site visits to showcase the impressive 'plug and play' facilities at the Wilton International Chemicals Park located in Teesside UK.

Guests included the company's leading supply partner and global trading house Traxys, as well as a number of interested institutional investors and key local government members who each showed strong support for the project.

Issue of Options

Alkemy confirms that 100,000 options have been issued to consultants with a strike price of £1.50 per share. 40,000 of these options will vest only when the share prce trades at £5 per share or higher for 10 consecutive days and the remaining 60,000 shares will vest only when the share price trades at £10 per shares or higher for 10 consecutive days.

Change of Registered Address

Alkemy notes that its registered office has now changed with immediate effect to:

167-169 Great Portland StreetFifth FloorLondon, W1W 5PF

All other details remain the same including the Company's website (www.alkemycapital.co.uk or www.teesvalleylithium.co.uk).

Further information

For further information, please visit Alkemy's website: www.alkemycapital.co.uk or TVL's website www.teesvalleylithium.co.uk.

-Ends-

NOTES TO EDITORS

Alkemy is seeking to establish the world's leading independent and sustainable lithium hydroxide production by developing state-of-the-art Lithium Sulphate and Lithium Hydroxide facilities in Australia and the UK.

Alkemy, through its wholly-owned subsidiary Tees Valley Lithium, has secured a 9.6 ha brownfields site at the Wilton International Chemicals Park located in Teesside, a major UK Freeport to build Europe's first and largest Lithium Hydroxide processing facility.

Alkemy has completed a Class 4 Feasibility Study for its proposed lithium hydroxide facility which will process feedstock imported from various sources to produce 96,000 tonnes of premium, low-carbon lithium hydroxide annually, representing around 15% of Europe's projected demand.

The company has identified a site at Port Hedland, Western Australia to build a world-class sustainable Lithium Sulphate refinery that will provide reliable feedstock for Tees Valley Lithium.

Forward Looking Statements

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Alkemy provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Alkemy believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Alkemy will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward‐looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.