Cornwall Lithium Mine Gets £43 Million Investment

Cornwall lithium mine gets £43 million investment

A lithium mine in Cornwall is set to support more than 100 jobs, following a £43 million investment pledge from Geothermal Engineering Limited (GEL), which is backed by nearly £10 million from the government’s automotive transformation fund.   This investment in lithium (and more broadly, lithium-ion battery production) follows £1bn secured for UK automotive this month alone. The investment from GEL will create and support more than 100 jobs aft…

Geothermal Engineering Limited to invest £43m in lithium extraction facility in Cornwall, UK

A new cutting-edge lithium extraction facility is set to open at Geothermal Engineering Limited‘s United Downs site in, as the UK government seeks to strengthen industrial resilience and secure critical supply chains supporting sectors including automotive. GEL will invest around £43m (US$57m) in the new facility in the southwest of the UK, using brine from the existing geothermal wells. The investment will create nearly 50 direct jobs and suppo…

‘Cutting-edge’ lithium extraction plant gets the green light in Cornwall

A NEW lithium extraction facility in Cornwall has been approved by the UK government with the promise of generating more than 100 jobs.

GEL establecerá una nueva instalación de extracción de litio geotérmico en Cornualles, Reino Unido | PiensaGeotermia - Noticias de energía geotérmica

GEL está construyendo una planta de extracción de litio a mayor escala en sus instalaciones de United Downs, en Cornualles (Reino Unido), utilizando salmuera geotérmica procedente de pozos existentes.

New lithium mine ‘to create more than 100 jobs’

Geothermal Engineering Limited said it would invest about £43m in a lithium extraction facility in Cornwall, which it planned to bring into commercial production in 2029.

Perfectly fine idea - Tim Worstall

Geothermal Engineering Limited (GEL) has said it will invest around £43m in the new lithium extraction facility. The investment will create nearly 50 direct jobs and support around 80 more across the supply chain, after receiving an offer in principle worth nearly £10m through the Government’s DRIVE35 Automotive Transformation Fund. At current prices production will… Read More »Perfectly fine idea The post Perfectly fine idea first appeared on T…