Crowdfunding

Cornish Lithium has raised £6.6m from over 4,000 investors across two crowdfunding rounds. We are now considering crowdfunding again. Pre-register to be the first to know.

Overview

Cornish Lithium seeks to develop a domestic supply of lithium for the UK with the goal of creating a sustainable “battery metals hub” in Cornwall. The UK Government highlighted the importance of such work in the recently published Integrated Review of Security, Defence, Development and Foreign Policy which specifically mentioned the need for “domestic extraction and processing of critical minerals, such as lithium.” This new industry will support the development of battery manufacturing in the UK through the provision of raw materials as the domestic automotive sector transitions to the production of electric vehicles.

Work by Cornish Lithium to date has confirmed “globally significant” lithium grades in geothermal waters in Cornwall. Government and shareholder funding has hastened the Company’s progress towards the goal of environmentally responsible lithium production.

Progress since our last crowdfund:

  • Commenced construction of the government funded lithium extraction pilot plant at the United Downs Deep Geothermal Project

  • Granted exploration rights by The Crown Estate to explore for lithium in geothermal waters in four areas off the Cornish coast

  • Acquired a lithium extraction technology licence from Lepidico, to enable low carbon lithium extraction at the hard rock lithium Trelavour Project

  • Successfully produced lithium carbonate and lithium hydroxide

  • Obtained funding from the Automotive Transformation Fund to progress a demonstration extraction plant at the Trelavour Project

  • Commenced a second drilling campaign at the Trelavour Project to establish a maiden resource
Historical temperature data modelled in Leapfrog 3D geological modelling software.

Following two successful crowdfunding rounds we are now working towards a third, offering anyone that shares our vision the opportunity to own shares in Cornish Lithium through Equity Crowdfunding on Crowdcube.

Our last crowdfunding round raised £5.17m in three days with £3m raised in just 3 hours. Given the demand we experienced in the last round we are considering offering investors another chance to participate and to share our journey. Since the last round the Company has made substantial progress towards our goals using the funds raised but now wishes to build on that work and accelerate the work programme yet further given the imperative of mitigating climate change and the transition to renewable energy. The lithium industry worldwide has experienced an upwards step-change due to accelerating demand for electric vehicles and increasing recognition of lithium, which has been described by Volkswagen as “one of the most sought-after raw materials on earth” and “the irreplaceable element of the electric era” .

If you interested in investing and joining us on our journey we suggest you pre-register to ensure you know how to invest and are amongst the first to know when we plan to open the next crowdfund.

"Lithium: The Irreplaceable Element of the Electric Era"

- Volkswagen Group

Own part of our future:

Be part of a community that will play an integral part in delivering a greener future for the UK. Please register below to find out more:

  • * Your pledge is purely an indication of interest and does not constitute any financial obligation or commitment.
    * Investments of this nature carry risks to your capital. Please invest aware.

FAQs

By becoming a shareholder, you will support Cornish Lithium’s work to progress its Lithium extraction projects to provide a secure domestic supply of lithium to enable the UK’s energy transition, which is a goal contained in the UK Government’s 2021 Integrated Strategic Review. This supply of lithium is expected to enable the development of battery manufacturing in the UK, which is needed to support the automotive sector, and the c.860,000 workers it employs, as it transitions towards the production of electric vehicles in light of government commitments across the EU seeking to ban the sale of internal combustion engine cars.

Crowdfunding is a method of raising money to finance projects and/or businesses through an online crowdfunding platform. If the business makes an ‘exit’ (i.e. sale to another company) at a higher value than that at which you invested, you may make a return on the investment.

Please note that any investment will only go ahead if the business raises the full amount sought. The investor will also have a 7-day ‘cooling-off’ period in case he/she changes his/her mind.

Importantly, you invest at your own risk. No return is guaranteed. For more information please visit our crowdfunding partner Crowdcube.

There are two principal risks to be aware of when investing in shares, particular when investing in growth focused businesses:

  1. The value of your shares depends on the success of the company. If the company is unsuccessful and decreases in value, the value of your shares will also fall. If the company fails completely and goes out of business, you would lose all of your investment.
  2. Your shares in Cornish Lithium, as a private company without its shares being traded on a public market, are illiquid, which means they can be difficult to sell and it can be hard to value them. It may not be possible to sell them at all, even if the business is a success and your shares have increased in value. You should therefore be prepared to hold your shares for the long-term.

You can find out more information about making an equity investment, including the different risks involved, in the appropriate information section from Crowdcube (the investment platform where our campaign is available).

Our campaign will soon be available for those who pre-register. This private period will last at least 48 hours before our campaign opens to the public thereafter.

Cornish Lithium has partnered with equity investment experts Crowdcube to offer our shares through their platform.

To become a shareholder of Cornish Lithium you will need to open an account with Crowdcube and place your investment through them. Your investment will be administered and held through your Crowdcube account.

Please note that you must be over 18 years old and legally entitled to invest. You will also need to be a resident of UK, Ireland or a country where you may legally receive financial promotions of the nature provided. Unfortunately residents of Japan, Canada and the US are not allowed to invest unless they are SEC accredited.

The exit options for investors in start-up and growth stage businesses are quite different from the process of buying and selling shares on a public market, such as the London Stock Exchange. Currently, shares bought in the types of businesses on the Crowdcube platform are not typically available to trade on a secondary market, and therefore your exit options as an investor are more limited.

If Cornish Lithium continues to successfully develop its project and grow, there could be other opportunities in the future to sell your shares. This might be if the company lists on a stock exchange, Cornish Lithium is bought by another company or the company offers to buy back your shares using profits.

The campaign will last for up to approximately 14 days, or whenever we reach or target. If we hit our target sooner then we will endeavour to give a 24-hour warning before the round closes. Please note, there is a limited amount of equity available in this round and we expect the round to fill quickly - therefore we encourage you to pledge your commitment as quickly as possible after the round opens.


The campaign will close as soon as we hit the maximum amount we have offered to the crowd, or once the approximately 14 days days is up.

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. This web page has been approved as a financial promotion by Crowdcube Capital Ltd who is authorised and regulated by the Financial Conduct Authority (No 650205).

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