Thursday, January 17, 2019

United Kingdom: More Funding for Project to Explore for Lithium from Geothermal Brine

Cornish Lithium: Funding Announcement (News Release)

Cornish Lithium Ltd. is pleased to announce that it has successfully raised a further £1 million from its existing investors. These funds will enable the company to continue its exploration activities in Cornwall and to drill exploratory boreholes to extract samples of lithium bearing brines from key locations: thus testing the deposit model.

Cornish Lithium intends to drill extraction boreholes in the vicinity of historic mining operations, but to avoid historic mine workings themselves and instead to target permeable geological features which host the lithium-enriched brines. These brines are believed to be derived from the interaction of geothermal waters with lithium-enriched granite deep beneath Cornwall.

Jeremy Wrathall, chief executive of Cornish Lithium, has stated that extraction of lithium is very clean and environmentally friendly, while also offering the prospect of generating power through geothermal energy.

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