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A highly innovative eco-tech company exploring for battery metals in Cornwall. Work to date has confirmed “globally significant” lithium grades. Government and shareholder funding has hastened progress towards environmentally responsible lithium production, essential for the UK’s energy transition.

  • EV chemical sector worth ~ £7bn; currently no UK lithium extraction
  • Lithium defined as critical metal by UK Integrated Strategic Review
  • Government-funded pilot lithium extraction plant under construction
  • Exploration work continues to show substantial potential in Cornwall
Information This pitch page will lead to separate offers being made to interested investors. One offer will be made to all investors who express an interest in investing less than €100,000 (or its GBP equivalent at the date of the offer) and separate offers will be made to individual investors who express an interest in investing €100,000 (or its GBP equivalent at the date of the offer) or more. The full terms of each of the offers will be set out in the email which will be sent to interested investors following the expiry of the pitch. Interested investors will be given a “cooling off period” during which to accept the relevant offer.

Idea

Cornish Lithium is enabling eco-technologies through exploration 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 was recognised by Prime Minister Boris Johnson & other UK Government ministers in recent speeches regarding their vision for the future economy and formally incorporated into the UK Government’s 2021 Integrated Strategic Review.

The Company was founded in 2016 when our CEO recognised this strategic opportunity and has now built a highly skilled team in Cornwall.

Progress since our last crowdfund:

• Commenced construction of a government funded lithium extraction pilot plant at the United Downs Deep Geothermal Project

• Been granted exploration rights by The Crown Estate to explore for lithium in geothermal waters in 4 areas off the Cornish coast

• Acquired a lithium extraction technology licence from Lepidico, to enable low carbon lithium extraction at the hard rock lithium Trelavour Project

• Obtained funding from the Automotive Transformation Fund to progress a demonstration extraction plant at the Trelavour Project

• Produced lithium carbonate (as part of the Li4UK project) and battery-grade lithium hydroxide (using the Lepidico technology) produced at lab scale

• Commenced a second drilling campaign at Trelavour to establish a maiden resource

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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 Ltd 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.