UK lithium producer secures funds for expansion

Photo: Cornish Lithium

UK company Cornish Lithium has announced it secured a transformational investment package of up to £18 million (US$24 million) from technology metals investment business TechMet Limited.


“The investment from TechMet, a company that invests in technology metals projects around the world, will enable Cornish Lithium to fast-track development of its project portfolio in Cornwall and to significantly advance the Company’s strategy of establishing a domestic supply of battery metals,” Cornish Lithium said in a statement.


Jeremy Wrathall, the chief executive and founder of Cornish Lithium, said that his company has reached an inflexion point in its Company’s development “where larger scale investment is required. This funding underpins the Company’s ambitions in Cornwall as we seek to progress our projects towards construction and commercial production. TechMet has the financial capability to contribute additional capital if required and thus represents a strong, long-term partner for Cornish Lithium.”