tiprankstipranks
Advertisement
Advertisement

Alkemy Capital Secures $25M for Lithium Refinery

Alkemy Capital Secures $25M for Lithium Refinery

Alkemy Capital Investments Plc (GB:ALK) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Alkemy Capital Investments has announced that its subsidiary, Tees Valley Lithium, will collaborate with ABG Sundal Collier to secure $25 million through a convertible bond financing. This strategic move is aimed at advancing the development of Europe’s largest independent lithium hydroxide refinery in Teesside, crucial for meeting the increasing demand for battery-grade lithium in Europe. The financing arrangement positions TVL for potential growth and an IPO by 2025, strengthening its role in the green energy transition.

For further insights into GB:ALK stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1