Alkemy Capital

What Alkemy Capital does

Alkemy Capital Investments plc is a UK-listed public investment vehicle (LSE: ALK) focused on the energy-transition critical minerals sector. It operates as a holding company with wholly-owned subsidiaries Tees Valley Lithium (TVL), Tees Valley Graphite, and Port Hedland Lithium. TVL is the core operational asset, developing Britain's first large-scale lithium hydroxide refinery in Billingham, Teesside, with planned initial capacity of 25,000 tonnes per year (expandable to 100,000 tpa), £185 million ($243 million) of planned capital investment, and a targeted first production start in 2027-2028. The refinery is designed to convert lithium carbonate feedstock into battery-grade lithium hydroxide monohydrate for electric vehicle and grid energy storage customers, with on-site lithium recovery technology (Watercycle) and digital supply chain tracking (Circulor) embedded to support EU battery regulation compliance by 2031.

The business model is pre-revenue and project-financed: the company generates no current sales (reported revenue of $0 across 2023-2026) and is investing in refinery development ahead of first output. Future revenue mechanics center on long-dated offtake and toll/conversion contracts with enterprise counterparties rather than spot or retail sales. A binding 5-year offtake with a Glencore subsidiary secures up to 10,000 tonnes per year starting early 2028, while a non-binding framework with E3 Lithium contemplates converting up to 50,000 tonnes of E3's Clearwater Project lithium carbonate into battery-grade lithium hydroxide over an initial 10-year term. End customers are European EV battery manufacturers and energy storage companies, with the refinery positioned to support up to 500,000 EVs annually at nameplate. Pricing is not publicly disclosed.

The company is led by co-founder/director Sam Quinn and Chairman Paul Atherley, operates with 1-10 employees from a London headquarters at 167-169 Great Portland Street, and has a market capitalization of approximately £33.81 million as of August 2026. Strategic intent is to capture policy-driven UK/European demand for domestically refined battery materials, displacing the over 90% East Asian share of global lithium refining capacity and aligning with the UK Critical Minerals Strategy and G7 Critical Minerals Action Plan.

Name

Alkemy Capital

Legal name

Alkemy Capital Investments plc

Website

https://alkemycapital.co.uk

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Alkemy Capital Investments plc is a UK-listed holding company (LSE: ALK) developing Britain's first large-scale lithium hydroxide refinery in Teesside through its subsidiary Tees Valley Lithium, targeting battery-grade output for European EV and energy storage customers from 2027-2028.

Ownership category

akta.pro rank

Product category

Lithium Hydroxide Refining

NAICS

Basic Chemical Manufacturing (3251), Battery Manufacturing (33591)

SIC

Metal Mining (1000)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Cathode Active Materials (CAM) Manufacturing (EUAFABAB)

Keywords

• Critical minerals investment
• Lithium hydroxide refining
• Battery materials supply
• Energy transition metals
• UK mining projects

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Lithium Hydroxide Sales: Alkemy Capital's subsidiary Tees Valley Lithium will generate revenue through production and sale of battery-grade lithium hydroxide monohydrate from its planned UK refinery. Revenue streams include direct product sales to EV battery manufacturers and energy storage companies, with binding offtake agreements secured (Glencore up to 10,000 tpa) and framework agreements for additional capacity (E3 Lithium up to 50,000 tonnes).
2. Offtake Agreements: Five-year lithium hydroxide offtake deal with Glencore subsidiary securing up to 10,000 tonnes per year of battery-grade material from planned Teesside refinery starting in early 2028, expanding Glencore's role in the battery raw materials chain for UK and European EV and energy storage customers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Alkemy Capital Investments Plc is a publicly listed investment vehicle that invests in the critical minerals sector through wholly-owned subsidiaries. Its core operating subsidiary Tees Valley Lithium (TVL) is developing Britain's first large-scale lithium hydroxide refinery in Billingham, Teesside, with planned capacity of 25,000 tonnes per year (expandable to 100,000 tonnes) producing battery-grade lithium hydroxide monohydrate for electric vehicle and energy storage customers, with initial production targeted for 2027-2028.

Product overview

Alkemy Capital Investments Plc is an investment vehicle that operates as a holding company for subsidiaries in the critical minerals sector. The company manages three main projects: Tees Valley Lithium (TVL), which is developing a £185 million lithium hydroxide refinery in Billingham, Teesside, UK; Tees Valley Graphite; and Port Hedland Lithium in Australia. TVL represents the core operational focus, with its planned 25,000 tonnes per year refinery expected to become Britain's first large-scale lithium hydroxide production facility, targeting initial production in 2027-2028.

Differentiator

Problem solved

Functional benefit

Brands

• Tees Valley Lithium (TVL): Subsidiary focused on developing the UK's first large-scale lithium hydroxide refinery in Billingham, Teesside, producing battery-grade lithium hydroxide monohydrate for EV and battery storage markets
• Tees Valley Graphite
• Port Hedland Lithium

Products and services

• Tees Valley Lithium (TVL) Refinery A wholly-owned subsidiary developing Britain's first large-scale lithium hydroxide refinery in Billingham, Teesside, producing battery-grade lithium hydroxide monohydrate for electric vehicle and energy storage manufacturers, with planned capacity of 25,000 tonnes per year.
• Tees Valley Graphite
• Port Hedland Lithium A wholly-owned subsidiary developing lithium projects in Port Hedland, Australia, as part of Alkemy Capital's critical minerals strategy targeting global energy transition supply chains.

Quantifiable outcome

• 300,000 tons CO2 saved annually compared to Chinese-refined lithium hydroxide
• +4 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• E3 Lithium Ltd.coreStrategic or Co-development Partner · 9 July 2026Canadian lithium developer E3 Lithium entered a non-binding Collaboration Agreement with Tees Valley Lithium (wholly-owned Alkemy subsidiary) to create optionality for converting E3's Clearwater Project lithium carbonate into battery-grade lithium hydroxide for the European market. Agreement contemplates up to 50,000 tonnes of lithium hydroxide over an initial 10-year term, subject to finalizing binding agreements with TVL and securing third-party offtake agreements.
• Logic-i GroupsupportingImplementation/ SI/ Consulting Partner · 9 March 2026Yarm-based project management firm Logic-i Group appointed by Tees Valley Lithium to provide independent cost estimate assurance and validation services for its Teesside lithium refinery project - Britain's first large-scale lithium hydroxide refinery.
• Watercycle TechnologiescoreTechnology or Integration · 12 February 2026Partnership to integrate on-site lithium recovery technology at TVL's planned UK refinery, expected to recover up to 800 tonnes of lithium carbonate equivalent annually, potentially generating up to $16 million in additional value per year.
• Circulor UK LimitedcoreTechnology or Integration · 12 February 2026Partnership with Circulor UK Limited provides digital tracking capabilities for compliance with EU battery regulations requiring recycled content thresholds by 2031, enabling supply chain transparency and regulatory compliance.
• GlencorecoreStrategic or Co-development Partner · 31 January 2026Glencore subsidiary agreed to a five-year lithium hydroxide offtake deal securing up to 10,000 tonnes per year of battery-grade material from Alkemy's planned Teesside refinery starting in early 2028. The agreement expands Glencore's role in the battery raw materials chain for UK and European EV and energy storage customers, diversifying its portfolio beyond coal and base metals.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Ganfeng Lithium: Ganfeng is one of the world's largest integrated lithium producers with major lithium hydroxide refining capacity, directly competing with TVL in battery-grade LiOH supply for European EV and battery makers. It represents the dominant Asian incumbent that TVL aims to displace in the European supply chain.
• Tianqi Lithium: Tianqi is a major Chinese-Australian lithium miner and hydroxide refiner with global offtake relationships. It is the type of integrated Asian incumbent whose European market share TVL's UK refinery is designed to challenge.
• Albemarle Corporation: Albemarle is the world's largest dedicated lithium producer with hydroxide conversion operations and global supply agreements to battery and EV customers, directly comparable in target end-market and product (battery-grade LiOH) to TVL.
• SQM (Sociedad Química y Minera): SQM is a major Chilean lithium chemicals producer with significant lithium hydroxide capacity serving global battery manufacturers, directly comparable as a large-scale merchant refiner of battery-grade lithium products competing for the same European customer contracts.
• Umicore: Umicore is a major European battery materials producer including cathode active materials (CAM), making it comparable as a European-domiciled downstream battery materials platform that TVL's lithium hydroxide output would feed into.

Direct peers

• Livent Corporation: Livent is a pure-play lithium hydroxide and carbonate producer focused on battery-grade materials for EV and energy storage customers, making it the closest direct peer in product, customer base, and business model to TVL's planned UK refinery.
• Vulcan Energy Resources: Vulcan is developing a European lithium hydroxide project from geothermal brines targeting battery-grade output for EU OEMs, making it the most direct Western peer competing for the same European critical-minerals-of-origin premium that TVL is targeting.
• Green Lithium: Green Lithium is a UK-based lithium hydroxide refinery project (Pilling, Lancashire) targeting similar battery-grade output for the UK/European EV market, making it a near-direct peer in geography, product, regulatory positioning, and customer target.

Emerging players

• Pilbara Minerals: Pilbara Minerals is an Australian hard-rock lithium producer expanding into downstream lithium chemicals; its downstream ambitions into refining overlap strategically with Alkemy's Port Hedland Lithium subsidiary and TVL's UK conversion business.
• European Lithium (Critical Metals Corp): European Lithium is developing European lithium mining and hydroxide conversion assets, pursuing the same Western critical-minerals-of-origin strategy and target customer base (European EV OEMs and battery makers) as TVL.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/alkemy-capital-investments

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alkemy Capital