Privately-owned Cornish Lithium has been able to raise £1 million (US$1.3 million) to push forward with a rather unique project exploring for lithium bearing hot spring brines underground in the southwest of England.
Incoming shareholder Liddell said:"Given the extensive historic readings of lithium in geothermal brines as well as the recent advances in technology, we see a real potential for lithium production in Cornwall".
If successful in extracting lithium from hot spring brines in granite, it would make the county the United Kingdom and Europe's only major source of the valuable metal. "We hope to be the domestic source of lithium for the United Kingdom".
Jeremy Wrathall, CEO of Cornish Lithium, a mining engineer who graduated from Camborne School of Mines in Cornwall, said Cornish Lithium also has synergies with a hoped-for mining revival in Cornwall and with development of geothermal energy, which could be used in processing.
Jeremy Wrathall, CEO of Cornish Lithium, a mining engineer who graduated from Camborne School of Mines in Cornwall, said Cornish Lithium also has synergies with a hoped-for mining revival in Cornwall and with development of geothermal energy, which could be used in processing.