Highly innovative mineral exploration company exploring for battery metals in Cornwall. 2020 exploration has confirmed “globally significant” lithium results. Recent government funding accelerates progress to environmentally responsible lithium production, essential for transition to a green economy
Cornish Lithium is exploring for lithium and other battery metals in Cornwall with the goal of creating a “Battery Metals Hub” for the UK. The opportunity to create a domestic supply of lithium in Cornwall has been recognised by Prime Minister Boris Johnson in recent speeches regarding his vision for the future economy. The Company was founded in 2016 as our CEO recognised this strategic opportunity, and now has a highly skilled technical team based in Cornwall. Extensive mineral rights agreements give us first mover advantage in the County.
Since the last Crowdcube fundraising, the Company has:
- Drilled two shallow geothermal wells which identified the widespread presence of lithium enriched waters at depths of up to 1100m
- Sampled deep geothermal waters from the United Downs Deep Geothermal Project: results indicate some of the world's highest grades of lithium in geothermal waters. The lithium grades and chemistry of the waters are considered “globally significant” by geological consultants SRK
- Secured UK Government funding for a new lithium extraction pilot plant in Cornwall
- Drilled 41 shallow boreholes in a former china clay pit near St Austell, demonstrating potential to also extract lithium from granite.
Funds raised will be used to continue exploration over the next 12 months and to accelerate the Company’s path toward commercial production of lithium.