Cornish Lithium has announced it has received £53.6m initial investment from a group of institutional investors led by the UK Infrastructure Bank, alongside The Energy & Minerals Group and TechMet.
The Penryn-based company, which has undertaken a number of projects to demonstrate the commercial capability of lithium production in Cornwall, said the investment will support the development of the UK’s critical minerals supply chain and will accelerate growth towards commercial production of lithium.
In its first direct equity investment, the UK Infrastructure Bank will invest approximately £24m into the development of the UK’s critical minerals supply chain with EMG, a US-based private equity fund focus …
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