Tees Valley Lithium agrees long-term lease for lithium processing facility at Wilton International
Alkemy Capital Investments plc has announced that its wholly owned subsidiary, Tees Valley Lithium Ltd (TVL), has agreed the terms of a 30-year lease with Sembcorp Energy UK for its lithium hydroxide processing facility at Wilton International in Teesside. Agreeing terms for a long-term lease follows the granting of full planning permission in November and represents another significant milestone for TVL. Under the terms of an Agreement for Lease, which was signed today, TVL has an option for up to a year to enter into the agreed long-term lease, during which time it will conclude formalities with respect to financing and utilities and services. However, it is anticipated that these should be completed well in advance of the expiry of the option period.