A mining firm in Cornwall has agreed a deal to explore whether Lithium lies deep beneath Cornwall's surface.
Sally Norcross Webb, Mining and Minerals Consultant for Stephens Scown, acted for Strongbow Exploration in its deal with Cornish Lithium Limited which was signed on 18 January 2016 to pursue the initiative.
Lithium is widely used in mobile phone and laptop batteries and could really put the region on the global stage as potential exporter bringing in vital money to the local economy.
Under the Exploration and Option Deed, Strongbow has granted to Cornish Lithium exploration and extraction rights for minerals contained in brines and also geothermal energy, in respect of its mineral rights holdings. The deal enables Cornish Lithium to take 99 year mining leases of development sites.
Sally Norcross Webb, Mining and Minerals Consultant at Stephens Scown said: “This is such an exciting opportunity for the creation of a new industry in which Cornwall could become a leading supplier of lithium in Europe. There is a rapidly increasing global demand for lithium for use in lithium-ion batteries for electric cars.
“Many car manufacturers are progressing a programme of electric car development, and the market for lithium looks set to increase dramatically. We are delighted to have acted for Strongbow both in its acquisition of South Crofty last year and now in this important strategic development.”
Cornish Lithium Limited also signed a similar deal with Cornwall based company Mineral Exploration Limited (Minex) which holds mineral rights in Cornwall and elsewhere.
Will was joined on The Morning Show at the beginning of the week by Sally Norcross Webb to talk about this exciting possibility in more detail. You can hear the full interview with Sally below.