EV Engineering News

Cornish Lithium secures £18-million investment from TechMet

Cornish Lithium has secured an investment package of up to £18 million ($24 million) from metals investment company TechMet. Cornish Lithium seeks to create a domestic supply of lithium and other battery metals for the UK. The company expects to benefit from TechMet’s knowledge of the battery metals supply chain, and its commercial and strategic relationships. Simon Gardner-Bond from TechMet will join the Cornish Lithium Board.

The new funding will enable Cornish Lithium to accelerate several projects, including the construction of a hydrometallurgical demonstration plant. The plant will help the company to optimize the low-carbon Lepidico processing technology for which it secured a 15-year royalty-free license in 2020. The company also plans to continue drilling geothermal evaluation boreholes and developing associated direct lithium extraction sites to continue the search for lithium contained in geothermal waters. These geothermal studies will also explore the possibility of using heat from the boreholes to decarbonize local industries in Cornwall.

Cornish Lithium from Cornish Lithium on Vimeo.

“This funding underpins the ambitions in Cornwall as we seek to progress our projects towards construction and commercial production. TechMet’s mission of building ethical and environmentally sound supply chains for the metals needed to ensure the success of the EV revolution is fully aligned with that of Cornish Lithium,” said Jeremy Wrathall, CEO of Cornish Lithium. “A material lithium supply gap is looming, especially in the UK, given the requirement for an estimated 75,000 tons of lithium carbonate equivalent by 2035. Cornish Lithium intends to position itself as a key player in the necessary supply chains to bridge that gap.”

Source: Cornish Lithium

Create Account. Already Registered? Log In

EV Infrastructure Webinars

The free webinar sessions from our Virtual Conference on EV Infrastructure are now available to view on-demand. Register for a session below to watch the recording and download the presentation.


EV Engineering Webinars & Whitepapers

EV Tech Explained

The Tech

Direct contact technology needed to meet future EV needs (Whitepaper)

Altilium works to transform mine tailings into valuable EV battery materials

Will designating China as an “entity of concern” spur the development of US supply chains?

White House clarifies (sort of) EV tax credit eligibility rules for foreign companies

The Vehicles & Infrastructure

Westminster City Council powers fleet of 45 electric refuse trucks with waste

Today’s EV infrastructure webinar schedule: Monday, December 4th

Daimler Truck puts EVs into service in its own logistics operations in the Pacific Northwest

Sweden’s Charge Amps produces sleek, stylish smart EV chargers

FTC seeks public comment on its labeling requirements for public EV chargers

2 days left to join the Virtual Conference on EV Infrastructure

Swiss firm Designwerk presents container-sized Mega Charger for commercial EVs

Updated OpenADR communications standard helps utilities manage renewables and EV charging

Rivian launches leasing for R1T electric pickup truck in 14 states

EPRI’s new groundbreaking grid planning tool for electric transportation (Webinar)