Business
TVL - Exclusive Negotiation for Lithium Supply
TVL - Exclusive Negotiation for Lithium Supply.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n18 March 2025\n \nAlkemy Capital Investments Plc\n \nTVL Enters Exclusive Negotiation Period for Long-Term Lithium Supply \n \nAlkemy Capital Investments Plc (\"Alkemy\") (LSE: ALK) (JV2:FRA), the 100% owner of Tees Valley Lithium (\"TVL\"), is pleased to announce that TVL has entered into an exclusive negotiation period with Touchstone Capital Partners (\"Touchstone\") to finalise a long-term binding feedstock agreement for over 100,000 tonnes of lithium carbonate equivalent (\"LCE\").\nThis agreement, if secured, would provide the primary lithium feedstock to fully support at least the first five years of production at TVL's refinery, producing 24,000 tonnes per annum of battery-grade lithium hydroxide.\nAlongside this, TVL's existing Heads of Terms with Wogen Resources Ltd (\"Wogen\") remains an important element of its supply strategy, providing additional flexibility and continuity as TVL ramps up operations.\nTouchstone is fully financing the development of a high-grade lithium brine project and this combination of supply sources will ensure that TVL has a stable, long-term, and diversified feedstock position, reinforcing its ability to deliver a secure and sustainable lithium hydroxide supply chain for Europe's battery industry.\nThis exclusive negotiation period allows both parties to complete due diligence, finalise key commercial terms, and structure a binding feedstock agreement that will ensure a secure and sustainable lithium supply to support TVL's refining operations.\n \nHIGHLIGHTS\n \n● Exclusive negotiation period with Touchstone Capital to finalise a long-term binding feedstock agreement for over 100,000 tonnes of LCE, supporting the first five years of production.\n \n● Exclusive negotiation period will enable both parties to complete due diligence and finalise the structure of a binding feedstock agreement, ensuring a robust and long-term supply partnership.\n \n● Represents a key milestone in de-risking TVL's supply chain, reinforcing confidence in the sustainability and scalability of its Teesside project.\n \n \n \n \nStrengthening TVL's Supply Chain & Mitigating Risk\nTVL's lithium hydroxide refinery in Teesside, UK, is set to become a leading independent lithium ref...