The Cornish Lithium Role in new Zero Carbon Target | Cornish Lithium Ltd
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The Cornish Lithium Role in new Zero Carbon Target

Cornish Lithium has won funding for exploration in Cornwall, as part of £23 million to develop the latest technology for electric car batteries.

It comes as the government have also announced today they have laid draft legislation to set a new net zero greenhouse gas emissions target for the UK, to be delivered by 2050.

Businesses ranging from small designers to major car manufacturers won government investment from the Faraday Battery Challenge announced by Business Secretary Greg Clark.

Business Minister Greg Clark MP

As part of the announcement, it was confirmed funding will go to mining consultancy firm Wardell Armstrong who will work with experts at the Natural History Museum and mining firm Cornish Lithium to lead a new study looking to develop a UK supply of lithium, helping to meet the massive demand expected from the transition to electric vehicles.

It is also a key contributor to all new cars and vans being effectively zero emission by 2040.

Business and Energy Secretary, Greg Clark said:

“We are committed to ensuring our world-leading automotive sector can flourish. These exciting new projects will build on the UK’s reputation for excellence, our rich heritage in the auto industry and pave the way for advances towards a cleaner economy.

We will continue to invest in future car manufacturing, batteries and electrification infrastructure through our modern Industrial Strategy and today’s winners will be crucial in ensuring that the UK leads the world in the global transition to a low carbon economy – one of the greatest industrial opportunities of our time”

Sarah Newton told the House of Commons today “Cornish engineers, scientists and miners were at the forefront of the first industrial revolution, and the Cornwall and Isles of Scilly local enterprise partnership clean growth strategy shows that we want to play a pivotal role in this fourth industrial revolution”

Jeremy Wrathall, Founder & CEO of Cornish Lithium Ltd. commented: “This is an historic opportunity for Cornwall to participate in the development of a possible source of lithium for the UK. We are delighted to be part of the Consortium and look forward to working with Wardell Armstrong and the Natural History Museum on this exciting project.

By bringing together experts in the field, the Consortium hopes to produce research which will enable the UK to power the next generation of electric vehicles and build upon its reputation for excellence.”

Steve Double, Member of Parliament for St Austell and Newquay, has welcomed the announcement of Government

Cornish Lithium bos Jeremy Wrathall (left) meets Business Minister Richard Harrington and Cornish MP Steve Double

Commenting, Steve said:

“This is brilliant news and I hope will see a revival of mining in Cornwall.”

“Getting a domestic supply of lithium, which is important for many hi-tech products including electric car batteries, would be a real game changer for both Cornwall and the whole UK.”

“With today’s announcement that the UK Government will legislate to reduce carbon emissions to net zero by 2050, electric vehicles and energy storage will become even more important. As lithium is an essential component of batteries this will put Cornwall at the heart of future technologies.

“Following last week’s announcement of funding for Spaceport Cornwall this is another sign of this government investing in Cornwall’s future.”

Cornish Lithium, which now has a team of eight geologists, two mining engineers and three metallurgists believes that Cornwall has significant potential as a “lithium province” given the widespread presence of lithium-enriched granites.

The company is not targeting water in the old mines for lithium extraction. Rather, it is targeting naturally-circulating lithium-enriched fluids in bedrock which often appeared in historic mines as ‘hot springs’ and which were regarded to be of great scientific interest due to their lithium content.

Commenting on the new Zero Carbon target, Steve said:

“Today’s draft legislation is great news, a major step forward, and shows that the UK is leading the way in the fight against climate change.”

“In October last year, the Government commissioned advice from our independent advisors, the Committee on Climate Change on whether our current target – to reduce the UK’s greenhouse gas emissions by at least 80% relative to 1990 levels by 2050 – is enough.”

“Today’s announcement makes the UK one of the first major economies to legislate for net zero emissions. This reflects our global leadership to date. Eleven years ago, we were the first country in the world to set legally binding long-term targets to reduce our greenhouse gas emissions.”

“The CCC’s report shows that this goal is now feasible, deliverable, and can be met within the same cost as was estimated for our current target when it was set back in 2008.”

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