Cornish Lithium has been established to create a new lithium production industry in Cornwall, a mineral rich region in the South West of the UK
Numerous historical records that demonstrate the presence of lithium in underground hot springs in Cornwall, and with recent advances in extraction processes and other technologies advancing greatly in recent years, Cornish Lithium believes the time is right to exploit their commercial potential.
The Management team of Cornish Lithium has extensive industry and fundraising experience and have secured agreements with various holders of mineral rights to explore for, and to commercially develop, lithium bearing brines throughout areas considered to be highly prospective. The area over which Cornish Lithium has obtained rights represents the largest unified exploration programme Cornwall has ever seen.
With demand for lithium expected to increase rapidly through its use in modern technologies, the UK government has highlighted lithium as a metal of importance to UK industry.
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.