Tees Valley Lithium: Publication of Impact Report

Alkemy Capital Investments PLC

15 June 2026

 

15 June 2026

Alkemy Capital Investments Plc

Tees Valley Lithium: Publication of Impact Report

Alkemy Capital Investments plc (LSE: ALK) is pleased to announce that its wholly owned subsidiary, Tees Valley Lithium ("TVL"), has published an Economic, Environmental and Social Impact Report (the "Report") setting out the anticipated contribution of its proposed lithium hydroxide refinery at Billingham, Teesside.

The Report is based on previously disclosed project parameters, including TVL's planned capital investment of approximately US$243 million (£185 million) and is being released following the completion of the preliminary independent Life Cycle Assessment.

TVL's refinery is projected to generate £2.1 billion in Gross Value Added over 25 years, representing more than £11 of economic value for every £1 of capital invested, with a substantial share retained in the Tees Valley and the wider North East.

Highlights of the Report include:

£185m Private capital investment in the Billingham facility

£2.1bn Total UK GVA contribution over 25 years (nominal)

£1.0bn Tees Valley / NE GVA contribution over 25 years (discounted)

1.06m tpa GHG emissions avoided annually by enabling the switch from ICE to EV

300,000t CO2 saved per year vs Chinese-refined LHM from hardrock feedstock

100% Renewable electricity from day one

~1,700 Jobs supported across construction and operations

~80% Of direct operational roles suitable for non-graduates

100% Of operational roles paying above the Tees Valley median salary

The Report reflects the findings of TVL's Front-End Engineering Design ("FEED") study, previously announced on 3 February 2026, and incorporates the Company's site location in Billingham, including the surrounding port, utilities, and chemical cluster infrastructure, which are identified as key enablers for the project.

The Report highlights the alignment between TVL's Billingham facility and a number of UK Government policy priorities, including the UK Critical Minerals Strategy's objective of building domestic processing capacity for battery materials, the Zero Emission Vehicle mandate's requirement for 100% of new car sales to be zero-emission by 2035, and the Government's wider industrial strategy and levelling-up agenda for the North East and Tees Valley.

The projections set out in the Report are illustrative of the Company's current development plans for Train 1, are not a profit forecast, and remain subject to, inter alia, the completion of financing arrangements and a positive final investment decision.

The full report can be downloaded Company Presentations

TVL CEO Vikki Jeckell commented:

"With our FEED study and initial Life Cycle Assessment now complete, this Report gives the clearest picture yet of what TVL's Billingham facility means in practice: over £11 of economic value for every £1 invested, close to 1,700 jobs across construction, operations and supply chain, and a facility designed from day one to be among the lowest-carbon lithium hydroxide producers anywhere in the world. We believe TVL represents a genuinely additive opportunity for the Tees Valley, the wider North East, and the UK's critical minerals strategy, and we look forward to continuing our progress."

Further information

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

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ABOUT US

Alkemy Capital Investments plc: Alkemy is focused on the development of critical mineral infrastructure to support the global energy transition. Through its wholly owned subsidiary, TVL, Alkemy is leading the way in establishing Europe's first independent lithium hydroxide refinery.

Tees Valley Lithium Limited: TVL is dedicated to providing battery-grade lithium chemicals to meet the growing demand of the electric vehicle supply chain in Europe. Strategically located at in Teesside, TVL is committed to sustainable, efficient, and world-class operations.

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. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein 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.

 

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