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An update from Alkemy Capital Investments Plc ( (GB:ALK) ) is now available.
Alkemy Capital Investments Plc has secured full financing for the Front-End Engineering Design (FEED) study of its lithium refinery in Teesside, with a £5 million debt facility provided by its Founder and Chairman, Paul Atherley. The company has also received a non-binding term sheet from Ara Partners for a potential US$100 million equity investment, which is part of the US$250 million main financing for the project. This development allows Alkemy to maintain full ownership of TVL until the final investment decision, avoiding early equity dilution and positioning the company to attract external equity at the construction stage.
Spark’s Take on GB:ALK Stock
According to Spark, TipRanks’ AI Analyst, GB:ALK is a Underperform.
Alkemy Capital Investments Plc is facing significant financial instability, with negative equity and ongoing losses being primary concerns. However, recent strategic initiatives and partnerships in lithium refining may offer long-term growth potential. The stock exhibits weak technical momentum, and the valuation indicates profitability issues.
To see Spark’s full report on GB:ALK stock, click here.
More about Alkemy Capital Investments Plc
Alkemy Capital Investments Plc is focused on developing critical mineral infrastructure to support the global energy transition. Through its subsidiary, Tees Valley Lithium Ltd (TVL), Alkemy is establishing Europe’s first independent lithium hydroxide refinery, aimed at supplying battery-grade lithium chemicals for the electric vehicle supply chain in Europe.
Average Trading Volume: 58,480
Technical Sentiment Signal: Buy
Current Market Cap: £30.28M
See more data about ALK stock on TipRanks’ Stock Analysis page.