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 entered into an exclusive agreement with Rodda’s, the iconic Cornish clotted cream producer, to work together to evaluate suitable sites on land owned by Rodda’s, where geothermal lithium production and geothermal heat could be investigated.
Cornish Lithium will be responsible for designing and drilling a small research borehole (which will be of a similar scale to the research borehole that the Company is currently drilling near Twelveheads) as well as obtaining the required planning consents and permits. Once completed, Cornish Lithium will test the borehole to demonstrate the viability of a commercial scale geothermal lithium and heat project. It is envisaged that Rodda’s will be able to use the resulting renewable geothermal heat to potentially decarbonise production processes at its Scorrier based creamery, near Redruth.
Cornish Lithium and Rodda’s will shortly be commencing a programme of community engagement to share their plans with local residents and the wider community, listen to any concerns and respond to any questions, ahead of submitting the required planning applications for the research borehole to Cornwall Council. Further details of the proposed work programme for the project can be found in the project factsheet, which can be downloaded from our website at https://cornishlithium.com/projects/lithium-in-geothermal-waters/north-downs/.
Jeremy Wrathall, Founder and CEO of Cornish Lithium, said:
“We are extremely excited to be working with such an iconic Cornish company and look forward to progressing the relationship between Cornish Lithium and Rodda’s. A successful geothermal lithium and heat project in Cornwall will demonstrate the potential for creating a truly sustainable source of lithium to support the UK’s growing battery industry whilst at the same time helping to decarbonise local businesses and provide them with a more sustainable future energy source. Partnering with a global brand such as Rodda’s positions Cornwall, once again, at the forefront of the UK’s green industrial revolution and will also help to secure skilled jobs for local people.”
Nicholas Rodda, Managing Director of Rodda’s, commented:
“As the UK moves towards a greener economy, there is an increasing need to explore alternative and more sustainable energy alternatives. We feel this exploration project could provide valuable information around using geothermal waters as a source of heat energy. Rodda’s utilises heat in its production processes, which is currently generated using natural gas. By creating a renewable geothermal heat source for Rodda’s, there is a significant opportunity to make our production processes even more environmentally friendly.”
For further information about Cornish Lithium, please contact:
Neil Elliot, Manager – Corporate Development: IR@cornishlithium.com
National media enquiries: BlytheRay, cornishlithium@blytheray.com; +44 (0) 207 138 3205
Local/regional media enquiries: Jilly Easterby at Curlew PR; curlew@hotmail.co.uk; 07743 164434
