Alkemy Capital Investments (LSE:ALK), through its wholly owned subsidiary Tees Valley Lithium, said an independent review and a supply MOU materially advance its flagship Teesside refinery project.
The Logic‑i review concluded the FEED-based capital estimate is defined and credible, with unit rates and cost distribution aligned to recognised benchmarks, reinforcing prior SC Insights benchmarking that placed TVL among the most cost‑effective refinery projects globally, and Alkemy is focused on developing critical mineral infrastructure via TVL to establish Europe’s first independent lithium hydroxide refinery in Teesside.
"Independent validation of our cost position following FEED, alongside earlier benchmarking positioning TVL as one of the most cost‑effective refinery projects, provides a strong foundation as we move toward execution," said Vikki Jeckell, TVL CEO.
Logic‑i's assessment specifically found the estimate reflects FEED-level definition, presents coherent cost distribution across disciplines and offers a credible view of Total Installed Cost.
The non‑binding MOU with Buxton Lime, part of SigmaRoc, establishes a framework for quicklime supply, optimisation of lime handling and slaking, development of a domestic reagent chain and exploration of closed‑loop recovery.
TVL said the newly acquired Billingham site in an established chemical hub is progressing site integration talks with a neighbouring operator, and ecology studies returned no adverse findings. It added these steps are intended to support early site mobilisation as the project progresses toward execution.
