Monday, 14 August 2017

Lithium mining in Cornwall gets £1m boost

A project to explore for lithium in hot springs in Cornwall has received a £1m investment.

Global demand for lithium - used in batteries for mobile phones and cars - is expected to triple in the next decade.

One of the investors said Cornish Lithium could become a "very significant player" in the industry.

The money will be used to decide where to put the first drill holes.

CEO Jeremy Wrathall said the county is the only current known source in the UK and the company will use data to "prioritise the best locations for subsequent drilling and sampling".

"There is a lot of excitement in the technical world about this," he said. "We hope to be the domestic source of lithium for the UK."

BBC     News.