Alkemy Capital Investments (ALK) investor relations material

Executive summary

• Advanced FEED study for Tees Valley Lithium (TVL) refinery, fully funded and underway, targeting FID in early 2026.

• Updated design increased Train 1 capacity and uptime by 5%, with annual output of 25,000 tonnes lithium hydroxide and reduced CAPEX to $245m.

• TVL identified as Europe's lowest capital-intensity lithium refinery, with strong strategic positioning for the EV and energy storage markets.

• Strengthened leadership with new CCO and COO appointments; ongoing engagement with strategic investors and debt financing partners.

• Market analysis projects robust demand for refined lithium in Europe through 2030, despite short-term price volatility.

Financial highlights

• Loss after taxation for six months ended 31 July 2025: £1,132,106, compared to £677,049 for the same period last year.

• Basic and diluted loss per share: 11.9p, compared to 7.7p year-over-year.

• Cash and cash equivalents at period end: £723,117, up from £51,114 year-over-year.

• Net cash from financing activities: £1,393,845 for the period.

• Total equity at 31 July 2025: £(1,177,289), compared to £(1,089,384) at 31 July 2024.

Outlook and guidance

• FEED study progress supports FID in early 2026; project economics strengthened by increased capacity and reduced costs.

• Ongoing discussions with strategic and debt investors to secure construction funding.

• Directors confident in securing necessary funding to continue operations for the next 12 months, despite material uncertainty.