A company called Cornish Lithium is to undertake an exploration project to assess the feasibility of extracting lithium, which is used in batteries for portable electronic devices and electric vehicles, from hot springs in the county. The exploration, which will cost £5m, will focus on areas around the traditional mining locations of Camborne, Redruth and St Day. Cornish Lithium will attempt to extract the metal through drill holes. The company, which is looking for investors, has also obtained rights to the springs’ geothermal energy. Most lithium is currently exported from China, Australia and South America.
A company called Cornish Lithium is to undertake an exploration project to assess the feasibility of extracting lithium, which is used in batteries for portable electronic devices and electric vehicles, from hot springs in the county. The exploration, which will cost £5m, will focus on areas around the traditional mining locations of Camborne, Redruth and St Day. Cornish Lithium will attempt to extract the metal through drill holes. The company, which is looking for investors, has also obtained rights to the springs’ geothermal energy. Most lithium is currently exported from Australia, China and South America.