18th Jan 2024 14:28
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
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