Alkemy Capital Investments PLC (ALK) · 2026-11-02
Alkemy Capital Investments has received non-binding indicative terms for a senior secured facility of up to US$150 million to help fund Train 1 at its Billingham lithium hydroxide refinery. Together with the £18.3 million DRIVE35 grant Offer in Principle, the debt terms represent the majority of required funding, but equity is still needed.
Alkemy Capital Investments PLC (ALK) · 2026-10-14
Alkemy Capital Investments completed FEED for its first lithium refinery train, but the interim accounts flag a material uncertainty over going concern as funding execution is not assured. The £1.31m loss and £146,622 cash at 31 July 2026 underline the pressure, while a subsequent DRIVE35 grant offer of up to £18.3m remains conditional.
Alkemy Capital Investments PLC (ALK) · 2026-10-13
Alkemy Capital is establishing a Billingham Qualification and Validation Centre so customers can test TVL’s battery-grade lithium hydroxide alongside development of Train 1. TVL expects this to shorten the time from first production to full commercial volumes, but the benefit remains forward-looking and is not assured.
Alkemy Capital Investments plc (ALK) · 2026-09-17
Alkemy's Tees Valley Lithium has received an in-principle offer of up to £18.3 million in non-dilutive UK government grant funding for its £185 million Phase 1 refinery, strengthening financing. The support remains conditional on final approvals, due diligence and other conditions.
Alkemy Capital Investments plc (ALK) · 2026-06-15
Alkemy Capital will issue 158,455 ordinary shares, including a conversion of £167,379 of principal and £55,084 of interest at £2.04. The new shares are part of its commercial framework around the Tees Valley Lithium project.
Alkemy Capital Investments plc (ALK) · 2026-06-15
Tees Valley Lithium has published an impact report for its proposed Billingham lithium refinery. The report puts planned capital investment at about US$243m (£185m) and outlines projected benefits, but the project still depends on financing and a final investment decision.