Posted on - 07 Oct 2018
Category - Sponsored
Cornish Lithium has been established to create a new lithium production industry in Cornwall, a mineral rich region in the South West of the UK
Numerous historical records that demonstrate the presence of lithium in underground hot springs in Cornwall, and with recent advances in extraction processes and other technologies advancing greatly in recent years, Cornish Lithium believes the time is right to exploit their commercial potential.
The Management team of Cornish Lithium has extensive industry and fundraising experience and have secured agreements with various holders of mineral rights to explore for, and to commercially develop, lithium bearing brines throughout areas considered to be highly prospective. The area over which Cornish Lithium has obtained rights represents the largest unified exploration programme Cornwall has ever seen.
With demand for lithium expected to increase rapidly through its use in modern technologies, the UK government has highlighted lithium as a metal of importance to UK industry.
Cornwall has long been associated with tin and copper. Cornish Lithium, by undertaking one of the largest unified exploration projects in the history of Cornwall, sees the potential to move Cornish mining into the 21st century.
The company is focused on exploring for lithium within the hot springs that naturally occur beneath the surface in and around Cornish granites, with the aim to create a new mining industry in the region.
As the world becomes more environmentally conscious, lithium’s importance and demand is growing rapidly with increasing usage in batteries for electric vehicles and renewable energy storage systems.
Lithium in Cornwall is found in within the granite rock, and also in solution within geothermal brines which circulate through the rocks at depth. The lithium within these geothermal brines forms the focus of Cornish Lithium’s exploration programme; the team are currently working out the optimal place to put in boreholes to extract these fluids and process out the lithium. After lithium extraction, the fluids will then be returned underground via the boreholes.
