Cornish Lithium

Summary

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

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

Team

Jeremy Wrathall, Founder & CEO

Jeremy is a mining engineer with over 25 years’ experience in mining finance, advising mining companies on transactions globally. Jeremy founded the Company in 2016 and decided to leave investment banking to fully focus on the company in March 2017.

Derek Linfield, Chairman

Derek practised as a Canadian lawyer in London for 25 years, focusing on corporate transactions in the natural resources sector, including listing companies on the LSE. He serves as non-executive director on several boards.

Louise Wrathall, Non-Executive Director

Louise is a geologist with experience in the quarrying industry before becoming a mining analyst in London. She is currently Director of Corporate Relations at Central Asia Metals.

Keith Liddell, Non-Executive Director

Keith is an experienced metallurgist and company director. Working in the minerals industry since 1981 he has experience in management and ownership of several public and private companies and JVs.

Varshan Gokool, CFO

Varshan is a CFA Charterholder with significant experience in mining companies from project definition through to development and construction as an executive and an investment banker. He was most recently President and CEO of Euromax Resources and previously Treasurer with European Goldfields.

Head over to our website to find out more about our brilliant technical team!