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Lithium

A start-up hoping to mine lithium in Cornwall for electric vehicle batteries has secured up to £18 million in investment from a group focused on metals for use in technology. Cornish Lithium said that, subject to shareholder approval, TechMet would invest an initial £9 million at 13½p per share. It would then have the option to invest a further £9 million at 20p per share once the company completes a scoping study for its Trelavour mining project, due by the second quarter of next year. It said the fundraising was “a significant step forward for Cornish Lithium and allows the company to step up its activities towards creating a domestic supply of lithium and other battery metals for the UK”.

Times 26th Nov 2021 read more »

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