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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

  • EV chemical sector worth £7bn; currently no UK mining of lithium
  • Funding received to build 1st EU pilot lithium extraction plant powered by geothermal waters
  • Results since last crowdfund show substantial potential in Cornwall
  • Prime Minister supports domestic Li production in the UK

Idea

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.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Cornish Lithium has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.