A start-up mining company that hopes to produce lithium in Cornwall has raised almost £4 million in an oversubscribed crowdfunding campaign. Cornish Lithium announced last month that it had discovered a “globally significant” grade of lithium, which is used in electric vehicle batteries, from hot springs near Redruth in Cornwall. It is also exploring lithium deposits in hard rock near St Austell and wants to explore for other battery metals such as cobalt and copper. It began a fundraising campaign on Crowdcube yesterday seeking to raise £1.5 million to fund further work. By late morning today it had raised £3.8 million from more than 2,200 investors.
Times 13th Oct 2020 read more »
Guardian 13th Oct 2020 read more »