Company Announcements

Cornish Lithium, the pioneering mineral exploration and development company that is headquartered at the Tremough Innovation Centre in Penryn, is commencing operations to drill a research borehole near Twelveheads, St Day, to test for lithium in geothermal waters.

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.

Cornish Lithium is proposing to drill a research borehole near Twelveheads, Chacewater early this year to test for lithium in geothermal waters, from samples that have been pumped up from naturally permeable structures within the underlying rock.

Cornish Lithium Ltd is pleased to announce that it has received shareholder approval for the transformational investment package of up to £18 million.

Cornish Lithium Ltd. is pleased to announce a Maiden JORC-compliant Resource, signed off by Competent Persons, Mining Plus UK Ltd, for the Trelavour Lithium Project (the “Trelavour Project”).

Cornish Lithium Ltd. is pleased to announce representation on UK’s Critical Minerals Expert Committee. Jeremy Wrathall, Founder and CEO, will be joining the Committee together with a select number of industry and academic experts appointed to the Committee.