Participated · Equity · Aug 2023

Cornish Lithium explores and develops lithium deposits in the United Kingdom with the goal of supplying battery-grade lithium for the electric vehicle and energy storage markets. The company’s current efforts center on two flagship assets: the Trelavour Lithium Project and the Cross Lanes Geothermal Lithium Project. Proceeds from its latest financing will advance technical work, permitting tasks, and early construction activities at these sites. Cornish Lithium positions itself as a strategic domestic source of a critical battery metal, aiming to reduce the U.K.’s reliance on imported lithium. The business model combines conventional hard-rock extraction at Trelavour with geothermal-brine lithium recovery at Cross Lanes. While revenue has not yet been disclosed, the company continues to fund project development through equity raises and an upcoming crowdfunding campaign. The recent £35 million round underscores strong institutional backing for its near-term project milestones.