15 Aug Cornish Lithium secures £1m to explore Cornwall for lithium for electric car batteries
MINING start-up Cornish Lithium has secured £1 million to explore Cornwall for lithium, for electric car batteries.
Cornish Lithium has secured £1million to explore Cornwall for lithium
A group of mining and natural resources investors, including former Aquarius Platinum boss Keith Liddell, is backing the project to integrate surface and underground data and establish best locations for drilling and sampling.
Cornish Lithium is working with landowners including the Tregothnan estate of Lord Falmouth, one of whose ancestors featured in the recent BBC series Poldark.
Liddell said: “Given the extensive historic readings of lithium in geothermal brines as well as the recent advances in technology, we see a real potential for lithium production in Cornwall.
“Combined with the global shift in focus towards electric vehicles and battery energy storage we believe that Cornish Lithium could potentially become a very significant player in the lithium industry in the UK and Europe.”
The mining start-up will look for lithium for electric car batteries
Chief executive and founder, Camborne School of Mines graduate Jeremy Wrathall, said it was great news.
He said: “We are delighted to have secured this investment to commence our exploration programme.
“We look forward to working with our new shareholders given the wealth of experience they have to offer in the field of natural resources.”