Business
Exclusivity Agreement Signed with Ara Partners
Exclusivity Agreement Signed with Ara Partners.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 (\"MAR\") AS IN FORCE IN THE UNITED KINGDOM PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n12 May 2025\n \nAlkemy Capital Investments Plc\n \nExclusivity Agreement Signed with Ara Partners\n \nAlkemy Capital Investments plc (\"Alkemy\") (LSE: ALK) (JV2:FRA), is pleased to announce that it has entered into an exclusivity agreement with Ara Advisers LLC (\"Ara\" or \"Ara Partners\"), a global private equity firm specialising in industrial decarbonisation, in connection with a proposed investment in Alkemy's wholly owned subsidiary, Tees Valley Lithium Limited (\"TVL\").\n \nAlkemy has signed an exclusivity agreement with Ara, giving them the sole right to negotiate terms for a strategic investment in TVL by 31 July 2025. The investment would provide full funding to complete TVL's Front-End Engineering Design (FEED) study and cover the equity component required for the project to reach Final Investment Decision (FID)\n \nThis agreement comes at a time when TVL is advancing its FEED study, with key optimisations already completed. These include an increase in planned output for Train 1 to 25,000 tonnes per annum of battery-grade lithium hydroxide, strengthening both the projects strategic relevance to the European battery supply chain, and the project economics.\n \nTVL is developing the UK's flagship lithium refining facility to supply the growing demand for battery-grade lithium products across electric vehicles and energy storage systems. A further update will be provided in due course.\n \n \nAbout Ara Partners\n \nFounded in 2017, Ara Partners is a global private equity and infrastructure firm dedicated to decarbonizing the industrial economy. Ara seeks to build, scale, and optimize companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Dublin and Washington, D.C.. As of December 31, 2024, Ara Partners had approximately $6.2 billion of assets...