Business
TVL: Lower CAPEX, Higher Uptime, Stronger Outlook
Alkemy Capital Investments PLC announced significant progress in its Tees Valley Lithium (TVL) refinery project, with a Final Investment Decision expected in Q1 2026. The FEED study has reduced the projected CAPEX to $245 million and increased plant uptime by 5% to 90% without raising operating costs. The project's Net Present Value (NPV) is confirmed at $475 million for the first of four proposed trains. First production is targeted for early 2028. The Train 1 production is set for 25,000 tonnes per annum, expected to supply 2.5% of Europe's battery-grade lithium needs. Disclaimer*
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n \n6 October 2025\nAlkemy Capital Investments Plc\nTees Valley Lithium: Lower CAPEX, Higher Uptime, Stronger Market Outlook\nAlkemy Capital Investments plc (\"Alkemy\") (LSE: ALK) (JV2:FRA), 100% owner of Tees Valley Lithium (\"TVL\"), is delighted to announce major progress on its flagship lithium refinery, which is on track for Final Investment Decision in Q1 2026.\nThe FEED study has reduced projected CAPEX to $245m, boosted plant uptime by 5% without raising operating costs, and confirmed a project Net Present Value (NPV) of $475 million (GBP £350 million) for the first of four proposed trains, reinforcing the strong economic fundamentals of the refinery\nIndependent analysis by SC Insights International Ltd, confirms that TVL's CAPEX and OPEX costs are expected to be the lowest in Europe and globally competitive, with first production anticipated for early 2028 aligning with a rising lithium price cycle and surging European demand.\nHIGHLIGHTS\n· CAPEX reduced to $245m through modularisation and design optimisation, lowering upfront investment cost\n· Plant availability increased by 5% to 90%, with no increase in operating costs, driving stronger profitability\n· NPV of $475 million (GBP £350 million) post tax, post finance, for the first of four proposed trains, reinforcing the strong economic fundamentals of the business\n· First production on target for early 2028, aligning with rising lithium prices and surging EV and ESS demand\n· Train 1 production of 25,000 tonnes per annum set to supply 2.5% of Europe's battery-grade lithium needs, with future trains offering significant growth potential\n· CAPEX and OPEX costs independently validated by SC Insights as expected to be lowest in Europe and globally competitive\n \nFEED study by Wave and Veolia reducing Capex and optimising process route\nThe Train 1 Front-End Engineering Design (FEED) study is progressing well, with TVL working in close partnership with engineering partners Wave International pty Ltd, a leading process engineering consultancy with extensive experience in lithium projects, Veolia Water Technologies, a global specialist in modular process design with advanced crystallisation technology, and Gardiner & Theobald, who are providing ...