Sparks - Alkemya Metacore

Alkemya Luxembourg announced that Alkemya Metacore has secured $50m in a pre-launch capital raise for its precision industrial nickel wire business backed by Class 1 nickel wire. It is announcing the sale of additional ALKN tokens in a new tranche at $1.00 per Token. The offer, which is being arranged by Hanover Square Capital (UK), will take place on Bitfinex Securities. The offer is available to institutional and professional investors and will close on 15 October 2026. Bitfinex Securities provides a regulated venue for the issuance and trading of tokenised securities, combining blockchain technology with regulated market access for issuers and eligible investors.

Alkemya Metacore is a Luxembourg-based investment and operating platform focused on the industrial development, commercialisation and financial structuring of high-technology metals. It owns c 7m metres of 99.99% ultra-pure nickel wire with 0.025mm diameter, which has been independently verified and valued at c $1.64bn. The asset is held in institutional custody in Lugano, Switzerland. Alkemya will use part of the initial capital raise and further funds raised in additional tranches to invest working capital in Alkemya Metacore to finance its commercialisation strategy of transforming its ultra-pure wire into engineered mesh products tailored to high-growth applications across seven sectors: electromagnetic-interference shielding, aerospace and defence, marine and desalination, power and industrials, semiconductors, green hydrogen and rare/precious metals recovery. The successful capital raise, prior to secondary market listing, represents a major milestone for the offering and demonstrates confidence in the underlying exposure to high-purity nickel and the structure of the issue.