Refining the Future of Energy – Right Here in Teesside

At Alkemy Capital, we’re entering a pivotal chapter in the journey of Tees Valley Lithium (TVL). As we move deeper into the FEED phase and lay the groundwork for construction, our Chairman, Paul Atherley, has shared a personal message about why he’s chosen to stand behind this next stage.

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Here’s what he has to say:

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"Over the past few months, we’ve made meaningful progress behind the scenes, and today I want to personally share why I’ve chosen to back the next phase of development for Tees Valley Lithium.

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We’re now deep into the FEED study, with engineering and cost work progressing well. We’ve secured our feedstock, have advanced discussions with Tier 1 off takers, and continue to work closely with ABG Sundal Collier on the debt financing package.

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Alongside that, we’ve been working with Ara Partners, a credible, specialist investor focused on industrial decarbonisation, who have undertaken months of technical, commercial, and strategic due diligence. That process has now led to an indicative term sheet outlining their interest in leading the full $100 million equity investment at the construction stage.

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This progress has given me the confidence to personally back the FEED phase. Through a secured £5 million facility, Alkemy can fund the fullFEED study while retaining 100% ownership of TVL, ensuring we protect early-stage value for shareholders and only introduce external equity when it matters most.

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The proposed structure with Ara, currently in final negotiation, includes a right of first refusal framework and a clear milestone path aligned with our Final Investment Decision (FID) in Q1 2026. It gives Ara the option to deploy capital at construction and gives Alkemy the ability to advance TVL with strong institutional alignment.

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We’d like to thank Ara Partners for their detailed engagement to date and the time and expertise they and their advisors have committed to the process. We look forward to continuing to work closely together as we progress toward construction."

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Join Us: Shareholder & Investor Webinar

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We’ll be hosting a live investor webinar where I’ll be joined by TVL CEO, Vikki Jeckell, to share more detail on the FEED progress, funding structure, and next steps toward FID and construction.

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Date: Tuesday 5th August 2025
Time: 12:00pm BST
‍Register here: https://us02web.zoom.us/webinar/register/WN_L4ss1hPrQtKS_53rPp5gxA

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We’re proud of the momentum building around TVL and excited about what’s ahead. Stay up to date with the latest project milestones, investor news, and company updates from Alkemy and Tees Valley Lithium - subscribe to our newsletter today.

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A British Classic Recharged: MINI's Electric Transformation

BMW is steering the MINI brand into a new era of electrification, and it’s doing it from the heart of the UK. The company has announced a landmark £600 million investment to convert its MINI Plant Oxford into an all-electric production hub by 2030. This transformation underscores BMW’s commitment to sustainable mobility and reaffirms the UK’s vital role in the global electric vehicle (EV) transition.

A Historic Site Reimagined for the Future

Located in Oxford since 1913 and producing MINIs since 2001, the plant has long been a symbol of British automotive craftsmanship. Now, it’s becoming a symbol of innovation and electrification.

Starting in 2026, the plant will begin production of two new electric MINI models:

• MINI Cooper Electric
• MINI Aceman Electric

Both models are designed to blend the iconic MINI design with cutting-edge EV technology, meeting the rising demand for clean, compact, and stylish electric cars across the UK and Europe.

Investment Breakdown: Driving Change from the Ground Up

BMW’s £600 million investment will support:

• Modernisation of production lines to accommodate all-electric drivetrainsTraining and upskilling of thousands of employees
• Upgrades to logistics and digital systems to streamline EV manufacturing
• Sustainability improvements across the entire production process

With these changes, Plant Oxford will become one of the key global centres for MINI’s electric future.

Why This Matters: Electrification at Scale

BMW’s investment is more than just an upgrade. It’s a strategic move to:

• Help meet UK and EU net-zero targets
• Future-proof one of Britain’s most iconic manufacturing facilities
• Support the global shift to zero-emission vehicles

As demand for electric vehicles continues to rise, having domestic production capacity ensures that MINI can meet consumer expectations while reducing carbon emissions across its value chain.

The Road Ahead

By 2030, every MINI produced at the Oxford plant will be electric, marking a full transition to zero-emissions production. BMW’s bold investment in electrification not only preserves a historic UK manufacturing site but positions it at the centre of the automotive future.