Cornish Lithium Ltd has so far raised £3.8 million via crowdfunding for its projects in Cornwall. BATTERY METALS HUB Founder and chief executive officer Jeremy Wrathall said that the company was raising additional funding to create a battery metals hub for the UK. “The success of our recent exploration, and government funding for our pilot plant, […]
Tag: lithium
UDDGP geothermal lithium find is ‘globally significant’
The United Downs Deep Geothermal Power (UDDGP) project has found some of the world’s highest grades of lithium and best overall qualities from preliminary sampling in deep geothermal waters in Cornwall. Further sampling is planned before work begins on designing and building a lithium extraction pilot plant. The project, involving Cornish Lithium in collaboration with […]
Power Metal targets major finds and financial independence
Power Metal Resources announced its future strategy was to make one or more major metal discoveries and work towards financial independence. ASSETS The company, which focuses on cobalt, copper, gold, lithium, nickel and PGMs, recently raised £1 million taking its total assets to £3.04 million. Power Metal is involved in five main projects and two […]
Cornish Lithium attracts further shareholder funding
Cornish Lithium (CLi) has raised more than £826,000 from shareholders, allowing it to continue exploration for lithium at United Downs mines in central Cornwall. The company is mining for lithium in geothermal waters and in hard rock, and funds raised will add to the successful drilling programmes that concluded earlier this year. CLi plans further phases […]
Is the UK ready for the 21st century gold rush?
“A quadrupling in lithium and a doubling in cobalt production will be needed. This is the ‘gold rush’ of the 21st century” – Faraday Institution Feature: Globalisation, once a benchmark for progress, has become a word that signals caution. The pandemic has revealed that weaknesses in the global supply chain results in delays, gluts and […]