A new ‘gold rush’ for Cornwall: New £50billion mines could be Europe’s sole source of precious lithium (Daily Mail)
Cornwall looks set for a £50billion mining revolution after plans were revealed to make Poldark country Europe's sole producer of lithium.
Mining company Cornish Lithium wants to use new technology to extract lithium from hot spring brines in the granite deep underground in Cornwall.
The firm announced that it has secured a mineral rights agreement with Canada's Strongbow Exploration and Mineral Exploration and has also reached agreement with significant landowner Tregothnan Estates to carry out exploration for lithium across Cornwall.
Jeremy Wrathall, chief executive of Cornish Lithium, added that extraction of lithium is very clean and environmentally friendly, while also offering the prospect of generating power through geothermal energy.