The metal of the future
Cornwall has long been associated with tin and copper. Cornish Lithium, by undertaking one of the largest unified exploration projects in the history of Cornwall, sees the potential to move Cornish mining into the 21st century.
The company is focused on exploring for lithium within the hot springs that naturally occur beneath the surface in and around Cornish granites, with the aim to create a new mining industry in the region.
As the world becomes more environmentally conscious, lithium’s importance and demand is growing rapidly with increasing usage in batteries for electric vehicles and renewable energy storage systems.
Contained within thermal springs, in 2015 subsurface brines yielded about half of the world’s lithium production (USGS)
Recently developed technology allows lithium extraction from brine over a very short period of time yielding up to 99.9% purity (LUT)
Rechargeable lithium-ion battery consumption is driving strong demand growth for the foreseeable future (crugroup)
Demand for Lithium has never been stronger, with Goldman Sachs calling it “the new gasoline” suggesting demand could triple by 2025
The time is right for the creation of a new lithium extraction industry for Cornwall.
Cornish Lithium is undertaking the largest single unified exploration programme in Cornwall’s history.
Rights have been secured to explore for and commercially develop lithium and the geothermal energy contained in the Cornish hot springs.
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