Cornish Lithium specializes in the environmentally responsible extraction of lithium from geothermal waters and hard rock in Cornwall, utilizing modern technology to assess and develop local mineral resources. This approach addresses the UK's reliance on imported lithium, supporting the transition to sustainable energy solutions and the production of electric vehicles.
Funding
$339.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The UK currently relies entirely on imports of lithium, a critical element for electric vehicle batteries and other green technologies. This dependence creates supply chain vulnerabilities and hinders the nation's transition to sustainable energy solutions.
Solution
Cornish Lithium is focused on the environmentally responsible exploration and extraction of lithium from geothermal waters and hard rock within Cornwall. The company utilizes modern technology to re-evaluate the region's mineral resources and establish a secure, domestic supply of lithium and other technology metals. By developing local resources in a low-carbon and low-impact manner, Cornish Lithium aims to support the UK's industrial strategy and Net Zero 2050 goals.
Target Audience
The primary target audience includes the UK automotive industry, battery manufacturers, and other sectors requiring a secure and sustainable supply of lithium.
Features
- Exploration and development of lithium extraction from geothermal waters.
- Assessment and development of lithium extraction from hard rock sources.
- Agreements secured with mineral rights owners across a large area of Cornwall.
- Utilization of modern technology for low-carbon and low-impact extraction methods.