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28 Jun

Cornish Lithium warns of significant threat to Cornwall lithium production

The UK’s envisaged domestic EV battery supply chain could soon be hit by a new collapse, as one of its most promising lithium developers, Cornish Lithium, runs short of cash, Kallanish reports. The Cornwall-based company said in its annual report, signed on 5 June, that it needs to raise £10 million ($12.65m) by July 2023 to allow it to execute its business plan over the short term. It noted that it was in the process of finalising term sheets to secur…
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