12 Jul Going underground in the South West?
For centuries until the end of the 1990s, Cornwall was well-known for its tin mines. Now of course those are all shut, but the existing shafts and tunnels could be in line for a repurposing – in the form of mining lithium.
Cornish Lithium, a start-up founded in 2017, has launched a crowdfunding round on Crowdcube in search of £1million to support subterranean brine drilling in the south-western county, in the hope of extracting lithium to use for electric car batteries.
Chief executive Jeremy Wrathall said that although production could be five years away, there has been plenty of interest locally.
He said: ‘We had so many people writing in to invest that we had to find a way to enfranchise the local community’.
‘We know that lithium is there from historical records. This is a real opportunity to look into this in more detail’.
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