https://www.miningweekly.com

Cornish Lithium exceeds £1m crowdfunding target

Cornish Lithium CEO Jeremy Wrathall

Cornish Lithium CEO Jeremy Wrathall

25th July 2019

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

The British mining company that turned to crowdfunding to raise cash for its lithium project in south-west England has successfully met its target of £1-million – 12 days after launching its campaign.

Cornish Lithium raised nearly £1.04-million by Thursday, from 720 investors, on the Crowdcube platform.

The funds raised will go towards progressing the drilling programme at the Cornwall lithium project, where Cornish aims to extract lithium from geothermal waters that occur naturally and circulate beneath historic mine workings.

Lithium is a key ingredient used in the fast-growing electric car battery sector and the UK government is hoping to develop a local supply chain. Last month, the government made available funding under the Faraday Battery Challenge to examine the potential to provide lithium from domestic sources, including rocks and brine.

Cornish Lithium was founded by Jeremy Wrathall, who is also CEO.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ZF Aftermarket
ZF Aftermarket

ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.

VISIT SHOWROOM 
ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.854s - 110pq - 2rq
Subscribe Now