Alkemy’s Tees Valley Lithium Taps Wates to Lead Pre-Construction at Teesside Refinery Site

Alkemy Capital Investments Plc ( (GB:ALK) ) just unveiled an update.

Alkemy Capital Investments’ subsidiary Tees Valley Lithium has appointed Wates Construction as its pre-construction partner for a planned lithium refinery in Teesside, following completion of front-end engineering design and the selection of a 17.2-acre site at New Road, Billingham. The agreement brings in Wates’ local industrial and engineering expertise to advance detailed engineering, construction planning and cost alignment ahead of a final investment decision, with pre-construction work due to start in early March 2026 and the site sized for potential expansion to 100,000 tonnes per year of production, underscoring Alkemy’s push to solidify its role in Europe’s battery materials supply chain.

The most recent analyst rating on (GB:ALK) stock is a Hold with a £388.00 price target. To see the full list of analyst forecasts on Alkemy Capital Investments Plc stock, see the GB:ALK Stock Forecast page.

Spark’s Take on GB:ALK Stock

According to Spark, TipRanks’ AI Analyst, GB:ALK is a Neutral.

The score is held down primarily by weak financial performance (minimal revenue, ongoing losses, negative free cash flow, and negative equity with higher debt). Technicals are a meaningful offset, showing a strong uptrend and positive momentum, but valuation remains challenged due to loss-making status and no dividend support.

To see Spark’s full report on GB:ALK stock, click here.

More about Alkemy Capital Investments Plc

Alkemy Capital Investments is focused on developing critical mineral infrastructure to support the global energy transition. Through its wholly owned subsidiary Tees Valley Lithium, the company is developing what it positions as Europe’s first independent lithium hydroxide refinery, supplying battery-grade lithium chemicals to the European electric vehicle supply chain from a Teesside base.

Average Trading Volume: 57,197

Technical Sentiment Signal: Buy

Current Market Cap: £39.98M

See more data about ALK stock on TipRanks’ Stock Analysis page.