C
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
Valuation & funding
Cornish Lithium funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | ↗ |
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.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 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% |
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.
Comparisons
Cornish Lithium compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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
Source: Dealroom Talent Intelligence.
Global footprint
Where Cornish Lithium has talent and traffic
team presence
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.
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
See Cornish Lithium’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.















