Claims that Cornwall is sitting on a multibillion-pound lithium bonanza are due to be tested after a start-up ¬project that plans to drill for the metal raised £1m from a trio of experienced mining investors. Cornish Lithium aims to extract the resource, which is in increasing ¬demand for batteries, from hot underground salt water. Its new investors include Norwegian financier Peter Smedvig, founder of Smedvig Capital, whose net worth has been estimated at more than £900m.
Telegraph 13th Aug 2017 read more »
Times 14th Aug 2017 read more »