{"id":1094842,"date":"2019-01-17T17:00:07","date_gmt":"2019-01-17T17:00:07","guid":{"rendered":"http:\/\/www.mining.com\/?p=963962"},"modified":"2019-01-17T17:00:07","modified_gmt":"2019-01-17T17:00:07","slug":"cornish-secures-further-1-3-million-to-build-lithium-mine-in-the-uk","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1094842","title":{"rendered":"Cornish secures further $1.3 million to build lithium mine in the UK"},"content":{"rendered":"

Cornish Lithium, a start-up hoping to\u00a0lead the development of an industry for the battery metal in the UK<\/a>, has secured a further \u00a31 million (about $1.3 million)<\/a> from its existing investors, which will allow the firm to expand its ongoing drilling work in the ancient mining region of Cornwall, south-west England.<\/p>\n

A year ago, the company had said it needed about \u00a35 million to develop its project<\/a>, which aims at\u00a0extracting lithium from hot water brines below the surface that have welled up in the county\u2019s historic tin and copper mines.<\/p>\n

Company will also begin exploring for lithium in hard rock form for the first time, having discovered evidence that it was mined in the area during World War II.<\/q><\/p>\n

Cornish Lithium, which closed its latest funding round last month, has decided to also begin exploring for lithium in hard rock form for the first time, having discovered evidence that it was mined on the surface during World War II.<\/p>\n

Over the past year, the company has expanded and consolidated<\/a> the areas over which it has rights to explore for lithium and other minerals. The company says its team has assembled a vast amount of historical data and reconstructed this in 3D digital format, enabling a totally new understanding of the geological potential of Cornwall\u2019s mineral deposits.<\/p>\n

Such knowledge includes delineating many of the various mineral ownership structures in Cornwall that have complicated exploration efforts in the past.<\/p>\n

\u201cWe believe that Cornwall has significant potential as a \u2018lithium province\u2019 given the widespread presence of lithium-enriched granites,\u201d chief executive Jeremy Wrathall said in the statement. \u201cIt also offers great potential to source many of the metals required for batteries that are becoming crucial in modern technologies.\u201d<\/p>\n

\"Cornish<\/p>\n

Wrathall believes identifying and mining deposits of such metals in Cornwall could become vital the UK economy. The lack of exploration in the area for over 30 years means, in his opinion, that one of the most highly mineralized areas in Europe remains effectively untouched by modern exploration techniques.<\/p>\n

Most lithium is produced in South America, Australia and China, but the UK government has recently designated it as a metal of strategic importance to the country.<\/p>\n

The post Cornish secures further $1.3 million to build lithium mine in the UK<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.<\/p>\n

The post Cornish secures further $1.3 million to build lithium mine in the UK<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[424,404,369,426,1005,1097,440,438,1098,1099],"tags":[25,30,33,71,288],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1094842"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1094842"}],"version-history":[{"count":3,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1094842\/revisions"}],"predecessor-version":[{"id":1094889,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1094842\/revisions\/1094889"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1094842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1094842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1094842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}