Report

Building the UK's Flagship Lithium Refinery - October 2025

The October 2025 Company Update outlines major developments from the Front-End Engineering Design (FEED) phase through to market information from SC Insights.

Summary:

The October 2025 Company Update outlines major developments from the Front-End Engineering Design (FEED) phase through to market information from SC Insights. With construction scheduled to begin in mid-2026, TVL remains on track to deliver battery-grade lithium hydroxide by early 2028.


Highlights from This Edition:

  • Engineering Progress - FEED study advancing on schedule toward Final Investment Decision (Q1 2026).

  • Capital Efficiency - Estimated CAPEX now below $245m - the lowest capital intensity in Europe - with optimised design and modular construction.

  • Regional Growth - Supporting job creation, innovation, and sustainable industry in Teesside.