Cornish Lithium is a highly innovative eco-technology company that is aiming to provide raw materials for the UK’s Green Industrial Revolution. The company is pioneering in its approach to the environmentally-responsible extraction of lithium – as well as other battery metals that are key enablers in the UK’s transition to clean energy – from geothermal waters and hard rock in Cornwall’s historic mining districts.
Having received UK Government funding to establish two pilot plants for lithium extraction in Cornwall, Cornish Lithium aims to establish a new, sustainable and environmentally-responsible extraction industry for minerals that can contribute to the global goal of decarbonisation through clean growth and a transition to a green economy, capturing economic ‘value-add’ for the UK and creating high-skilled, well-paid jobs for local people in an economically-deprived region.
Currently working with Australian company Lepidico Limited, Cornish Lithium has recently purchased a licence to their technology for use in the company’s hard rock project in Cornwall.
Lithium is essential for commercial electric vehicle battery technologies and is thus considered the gateway element to a zero-carbon future. As the UK currently relies on imports from Australia and South America, a secure domestic supply of lithium and other battery metals is considered vital to the UK Government’s Industrial Strategy as it moves towards Net Zero 2050. The importance of these raw materials was highlighted in the Integrated Review of Security, Defence, Development and Foreign Policy which was published on 16 March 2021 by the UK Government.
CEO and Founder, Cornish Lithium Ltd –Jeremy Wrathall – says, “We believe the G7 Summit offers the opportunity for Cornwall to showcase its unique place in providing the materials and innovation that are vital to the UK’s transition to renewable energy and a zero-carbon economy. Raw materials such as tin and copper from Cornwall were vital to the Industrial Revolution in the 18th and 19th centuries, and the region can now provide raw materials, such as lithium, which are essential to this transition and the UK’s sustainable future.”
Jeremy Wrathall continues, “Cornish Lithium benefits greatly from being based in Falmouth given the proximity to centres of learning and innovation such as the University of Exeter in Cornwall, and the opportunity for lifestyle-enhancing outdoor activities for our staff. In addition, our headquarters at the Tremough Innovation Centre put us in direct contact with other innovative businesses in the region and has the added benefit of being close to our operational centres at United Downs and St Austell.
Available for interview: CEO and Founder, Cornish Lithium Ltd., Jeremy Wrathall
Jeremy Wrathall has over 30 years of experience in the mining finance industry and has advised mining companies on transactions globally.
Following his graduation in Mining Engineering from Camborne School of Mines in Cornwall, he spent three years working as a mining engineer in the South African gold mining industry. Jeremy then pursued a career in mining investment banking in London which included senior roles at global investment banks, including his most recent role as Global Head of Natural Resources – London at Investec Bank plc.
He has advised on transactions on all of the world’s major mining exchanges and has served as a non-executive director of mining companies listed on AIM and on the ASX stock exchanges. Jeremy is a Fellow of the Institute of Materials, Minerals and Mining.
Having founded Cornish Lithium in 2016, Jeremy decided to fully focus on the company and left his career in investment banking in March 2017.
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