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Cornish Lithium

Energy · Penryn, United Kingdom · Founded 2016

Environmentally responsible UK lithium extraction from geothermal waters MoreLess

Cornish Lithium is a mineral exploration and development company founded by Jeremy Wrathall in 2016, focused on creating a domestic supply of lithium for the United Kingdom. Wrathall, a graduate of the Camborne School of Mines with over 30 years of experience in mining and finance, was inspired by historical records from 1864 detailing high concentrations of lithium in Cornwall's geothermal waters.

The company is developing projects to extract lithium from two main sources: geothermal waters and hard rock. Its geothermal projects, such as the one at Cross Lanes near Chacewater, involve drilling deep wells to extract hot, lithium-rich brine. The firm then uses Direct Lithium Extraction (DLE) technology to separate the lithium before reinjecting the water, a process with a lower environmental footprint than traditional methods. In March 2025, the company received planning permission to build the UK's first commercial geothermal lithium production facility. Its hard rock operations, like the Trelavour Project near St Dennis, are based in former china clay pits. Here, lithium-bearing granite is processed to produce battery-grade lithium hydroxide.

Cornish Lithium serves the growing market for electric vehicle (EV) batteries and large-scale energy storage, aiming to reduce the UK's reliance on imported lithium. The business model is centered on exploration, development, and eventual production and sale of lithium compounds. The company has secured significant funding to advance its projects toward commercial production. In August 2023, it received an initial investment of £53.6 million ($67 million) led by the UK Infrastructure Bank, The Energy & Minerals Group, and existing shareholder TechMet. This was followed by a successful crowdfunding campaign that raised a further £5.1 million. In June 2025, Jamie Airnes was appointed CEO to lead the company's transition from R&D to full-scale operations, with founder Jeremy Wrathall moving to the role of Executive Chairman to oversee strategy.

Keywords: lithium extraction, geothermal brine, hard rock mining, battery metals, direct lithium extraction, DLE, UK critical minerals, Cornwall mining, renewable energy, electric vehicles, sustainable mining, Jeremy Wrathall, Trelavour Project, energy transition, UK Infrastructure Bank, green technology, cleantech, mineral exploration, lithium hydroxide, energy storage

Company overview

Cornish Lithium company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2016
Headquarters
Penryn, United Kingdom
Employees
102
Open positions
None listed
Dealroom signal
68.8
Investment activity
1 companies
Capital deployed
Preferred round
Unknown
client focusb2btechnologyHardwaretechnologyDeep Techsub industryEnergy Storagebusiness modelManufacturingsectorMining TechnologiessectorSustainable Development GoalssectorClimate TechsectorLithium MiningsectorFBC FundedsectorNIF defense security and resiliencesectorNIF materials and manufacturingsectorNIF Supply Chain ResiliencesectorDT and LS

Valuation & funding

Cornish Lithium funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Sep 2025 $41M National Wealth Fund
LATE VCOther financing Jul 2025 $23M $191M Crowdcube
LATE VCOther financing Sep 2023 $4.2M $145M Crowdcube
LATE VCOther financing Aug 2023 $71M $283M U.S. International Development Finance Corporation · Energy & Minerals Group · National Wealth Fund
GRANTOther financing Jan 2023 Undisclosed
GRANTOther financing Sep 2022 Advanced Propulsion Centre UK
EARLY VCOther financing Nov 2021 TechMet
GRANTOther financing Aug 2021 Government of the United Kingdom
EARLY VCOther financing Jun 2021 Crowdcube
SEEDOther financing Oct 2020 Crowdcube
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Financials

Revenue, earnings and profit over time

Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.

YearRevenueGrowthEBITDAMargin
2026 $279K 0% −$8M -2852%
2025 $279K 0% −$8M -2852%
2024 $279K 0% −$8M -2852%
2023 $279K 0% −$8M -2852%
2022 $279K 0% −$8M -2852%
2021 $279K +340.7% −$3.1M -1126.1%
2020 $63K −$2.1M -3237.2%
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Growth signals

Cornish Lithium website traffic

Latest recorded traffic for Cornish Lithium is 3.8K monthly website visits, up 2.7% over the last three months. Cornish Lithium's team declined 1% over the past year.

Latest monthly visits3.8K 3-month web change+2.7% 1-year team growth-1%
Monthly website visits68 observations · Oct 2020–Jul 2026
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Comparisons

Cornish Lithium compared with similar companies

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Showing 8 of the closest matchesCompare every metric →

Capital deployed

Cornish Lithium investments and acquisitions

Recent portfolio relationships for companies that also act as investors or acquirers.

Talent graph

Cornish Lithium's talent

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Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

8 investors on Cornish Lithium's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 4 investors entered at this stage
UK Research and Innovation
Crowdcube
Government of the United Kingdom
Advanced Propulsion Centre UK
Series A 1 investor entered at this stage
TechMet
Series B+ 3 investors entered at this stage
U.S. International Development Finance Corporation
Energy & Minerals Group
National Wealth Fund

Global footprint

Where Cornish Lithium has talent and traffic

Workforce by country
4 countries with
team presence
🇬🇧 United Kingdom96%
🇩🇪 Germany1.3%
🇫🇷 France1.3%
🇦🇪 United Arab Emirates1.3%
4 countries shown

In the news

Latest news about Cornish Lithium

Recent press, funding announcements, and product moves mentioning Cornish Lithium — open to read from the original sources.

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Market sentiment

What the market is saying about Cornish Lithium

An AI-synthesized read of the highest-engagement posts about Cornish Lithium on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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