Cornish Lithium in it for the ‘long game’

Cornish Lithium has commented on reports questioning the financial strength of the company.

Jeremy Wrathall, CEO & Founder of Cornish Lithium, responded to recent ‘misleading headlines’ about the viability of Cornish Lithium with the statement, ‘The directors and I are confident with the direction of the business, the progression of our current projects, our spending and future funding. 

‘As stated by the recent press articles, Cornish Lithium is the flagship of the UK lithium industry, and we are proud to say our current projects are moving at pace. These include two forms of lithium extraction, Hard Rock and Geothermal, both of which are at a really exciting stage, as outlined in our recent report. We’re here for the long game and as such we’ll be updating our shareholders regarding funding very soon.’

The firm points to recent project updates announcing, ‘significant progress towards the commercialisation of its Lithium in Geothermal Waters projects and strong development progress made at its Trelavour Hard Rock Project’, both in Cornwall, UK.

The company has also announced the appointment of an advisory board ‘to provide insight and perspective to support its development’.