What is Cornish Lithium?
Cornish Lithium, founded in 2016 by Jeremy Wrathall, is a UK-based company focused on the exploration and development of lithium resources. The company is actively building a lithium extraction plant, a venture supported by the UK Government's Getting Building Fund. Its operations are centered in Cornwall, a region rich in mineral potential, positioning Cornish Lithium as a key player in the burgeoning domestic supply chain for critical battery metals.
How much funding has Cornish Lithium raised?
Cornish Lithium has raised a total of $132M across 5 funding rounds:
Angel/Seed
$6.8M
Private Equity
$23.9M
Unspecified
$23.9M
Other Financing Round
$30M
Private Equity
$47.3M
Angel/Seed (2020): $6.8M, investors not publicly disclosed
Private Equity (2021): $23.9M led by TechMet
Unspecified (2021): $24M, investors not publicly disclosed
Other Financing Round (2023): $30M featuring TechMet
Private Equity (2025): $47.3M backed by TechMet and National Wealth Fund
Key Investors in Cornish Lithium
TechMet
TechMet Ltd is a private company focused on producing, processing, and recycling critical minerals essential for 21st-century technology. The company aims to secure a Western-aligned supply of key minerals that are vital for the global economy. TechMet invests in and supports the growth of companies across the critical minerals value chain, ensuring high standards and sustainability.
National Wealth Fund
The National Wealth Fund, formerly the UK Infrastructure Bank, is the sovereign wealth fund of the United Kingdom. The fund is publicly owned with its sole shareholder being the Treasury Solicitor in the capacity of HM Treasury.
What's next for Cornish Lithium?
The substantial enterprise-level funding and strategic investment indicate Cornish Lithium is poised for significant scaling and operational expansion. The company's focus on developing a domestic lithium extraction capability aligns with global trends towards electrification and sustainable energy solutions. Future developments will likely involve the ramp-up of its extraction plant, further exploration activities, and potential partnerships to secure its position in the critical minerals market. The backing from entities like TechMet and the National Wealth Fund suggests a strong confidence in the company's long-term viability and its role in strengthening national resource security.
See full Cornish Lithium company page
