Glencore visits TVL site at Billingham

This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance.

29 September 2026

Alkemy Capital Investments Plc

Glencore visits Tees Valley Lithium site at Billingham

Alkemy Capital Investments plc (“Alkemy”) (LSE: ALK), is delighted to announce that Glencore, one of the world’s largest commodity traders and TVL’s binding offtake partner, visited the Billingham site of its wholly owned subsidiary Tees Valley Lithium Ltd (“TVL”) on 23 September 2026. 

Glencore was hosted by TVL’s Chief Commercial Officer, Gemma Cooper, and Chief Operating Officer, Richard Rose. The visit included a tour of the site where TVL is developing the UK’s first large-scale independent battery-grade lithium hydroxide refinery, and time with TVL’s technical and commercial team on product specification, quality assurance and qualification pathway, key steps in preparing for supply under the binding offtake agreement.

Glencore signed a binding offtake agreement with TVL in January 2026. The visit reflects the close working relationship between the two companies.

Vikki Jeckell, CEO of Tees Valley Lithium, commented:

"Glencore is one of the most respected names in global commodities, and they have committed to buying our product. Having them on site in Billingham, seeing first-hand where it will be made, shows the strength of that partnership. Europe is investing billions in gigafactories, yet almost all the battery-grade lithium those plants will run on is refined outside the continent. Refining is where supply security is decided, and we’re developing that capability right here on Teesside with partners of Glencore’s calibre alongside us.

Further information

For further information, please visit Alkemy’s website: www.alkemycapital.co.uk or TVL’s website www.teesvalleylithium.co.uk.
 

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ABOUT US

Alkemy Capital Investments plc: Alkemy is an LSE-listed investment vehicle that invests in the UK critical minerals sector and is looking to generate exceptional shareholder returns from the biggest energy transition in history.

Tees Valley Lithium Limited: TVL is building an £185 million merchant lithium refinery in the Billingham chemical cluster in Teesside, which will refine high-value domestic and international feedstock into 25,000 tonnes per year of battery-grade lithium using Veolia’s commercially validated process technology - enough to support the production of 550,000 electric vehicles.