Cornish Lithium, the pioneering mineral exploration and development company, held its Annual General Meeting (AGM) on Friday 30th June at its Tremough Innovation Centre headquarters in Penryn.
Among many highlights from Cornish Lithium’s 2022 Annual Report, Founder & CEO, Jeremy Wrathall briefed shareholders on the significant progress the Company has made towards the commercialisation of responsible lithium extraction. This includes the Company’s Lithium in Geothermal Waters projects in the United Downs region and the Trelavour Hard Rock Project at St Dennis, near St Austell.
Jeremy Wrathall, Founder & CEO of Cornish Lithium, said: “Our work so far furthers our belief that we can develop an industry of significant size and that the commercial extraction of lithium from geothermal waters in Cornwall could create a major new centre for lithium production in Europe.
“In response to recent misleading headlines in the media, which portrayed elements of our annual report out of context, Cornish Lithium’s Board of Directors has confidence in the direction of the business. This includes the progress of our current projects, which are developing at pace, our levels of expenditure and our future funding plans. As we have stated in our 2022 Annual Report, we are in advanced negotiations with potential new investors and existing shareholders to provide medium to long-term funding for our projects. We are here for the long game and as such, we will be providing an update on that very soon.”
Supplementary project updates are available here.
