What is Cornish Lithium?
Cornish Lithium is a UK-based mineral exploration and development company founded in 2016 by Jeremy Wrathall. The company is focused on the extraction of lithium, a critical component for electric vehicle batteries and renewable energy storage. Cornish Lithium is actively developing a lithium extraction plant, a project supported by the UK Government's Getting Building Fund. Its strategic positioning in Cornwall, a region with significant lithium-rich geothermal waters, provides a unique advantage for domestic production of this vital resource.
How much funding has Cornish Lithium raised?
Cornish Lithium has raised a total of $132M across 5 funding rounds:
Angel/Seed
$6.8M
Unspecified
$23.9M
Private Equity
$23.9M
Other Financing Round
$30M
Private Equity
$47.3M
Angel/Seed (2020): $6.8M, investors not publicly disclosed
Unspecified (2021): $24M, investors not publicly disclosed
Private Equity (2021): $23.9M supported by TechMet
Other Financing Round (2023): $30M featuring TechMet
Private Equity (2025): $47.3M backed by National Wealth Fund and TechMet
Key Investors in Cornish Lithium
National Wealth Fund
The National Wealth Fund, formerly the UK Infrastructure Bank, is the sovereign wealth fund of the United Kingdom, publicly owned and overseen by HM Treasury. It plays a role in supporting national infrastructure and strategic industries.
TechMet
TechMet Ltd is a private company dedicated to the production, processing, and recycling of critical minerals essential for modern technology. It focuses on securing Western-aligned supply chains for key minerals and supports companies across the critical minerals value chain.
What's next for Cornish Lithium?
The recent major strategic investment in Cornish Lithium signals a strong confidence in the company's business model and its potential to contribute to a secure, domestic supply chain for critical minerals. This financing is likely to be deployed towards the construction and scaling of its lithium extraction facilities, further research and development into efficient extraction technologies, and potentially expanding its exploration efforts. The backing from entities like the National Wealth Fund and TechMet suggests a strategic alignment with national and international goals for energy transition and supply chain resilience. Cornish Lithium is poised to become a key player in the European lithium market.
See full Cornish Lithium company page
