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Alkemy Capital Investments Plc ( (GB:ALK) ) has issued an announcement.
Alkemy Capital Investments Plc has raised £0.75 million through a subscription of 600,000 new ordinary shares, a reduction from the initially announced £1.035 million. The proceeds will be directed towards the development of the Teesside lithium hydroxide processing facility and general working capital. Directors of the company, including Paul Atherley, Sam Quinn, Vikki Jeckell, and Helen Pein, participated in the subscription, highlighting their commitment to the company’s strategic initiatives. The subscription shares, alongside issued warrants, are expected to be admitted to the London Stock Exchange, providing liquidity and potentially enhancing shareholder value.
More about Alkemy Capital Investments Plc
Alkemy Capital Investments Plc operates in the investment sector, focusing on developing and managing capital investments. The company is involved in projects such as the TVL’s lithium hydroxide processing facility in Teesside, indicating an interest in the lithium and battery materials market.
YTD Price Performance: 13.73%
Average Trading Volume: 33,379
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £12.78M
For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.
