Cornish Lithium (
www.cornishlithium.com) has reached a deal to look for — and then commercially develop — lithium contained in hot-spring brines on the land owned by Tregothnan Estates.
It will also have the rights to commercially develop other minerals discovered in the exploration process. Tregothnan Estates has a rich history of mining successes spanning centuries, with tin, copper and China clay being supplied from its mineral deposits in Cornwall to markets all over the world.
Jeremy Wrathall, CEO of Cornish Lithium, said: “We are delighted to have reached this agreement with Tregothnan,
further strengthening our relationship with the team.
"Whilst our current focus remains on lithium, this agreement means that if we discover other minerals, these too can be commercially developed.”
Andrew Jarvis, estate director of Tregothnan, said: “This is a historic deal, the likes of which we have never entered before.
"We are delighted to be supporting Cornish Lithium in their quest to bring lithium production to the UK. Equally exciting is the prospect of finding other minerals and metals during the exploration process.
"We will be giving Cornish Lithium unique access to a comprehensive set of mining archives, compiled over centuries of mining activity.”