Company announcements

United Downs Lithium Pilot Plant Delivered on Time and on Budget

Cornish Lithium Ltd is pleased to announce that GeoCubed Ltd. has successfully commissioned and delivered the Direct Lithium Extraction (“DLE”) Pilot Plant (the “Pilot Plant”) at Cornish Lithium’s Geothermal Waters Test Facility at United Downs; and Cornish Lithium has now entered into an agreement with Geothermal Engineering Limited (“GEL”) to acquire its 10% shareholding in GeoCubed such that GeoCubed is now a wholly- owned subsidiary of Cornish Lithium.

Heads of Terms with IGas to Jointly Develop Commercial Geothermal Heat Projects

Cornish Lithium Ltd. (the “Company” or “Cornish Lithium”), the innovative mineral exploration and development company based in Cornwall, UK, is pleased to announce that it has agreed a Heads of Terms with IGas Energy plc (AIM: IGAS)(“IGas”), a British energy company and the parent company of geothermal heat developer GT Energy UK Ltd., to work together to evaluate suitable sites where geothermal heat can be developed on a commercial basis.

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