LONDON, July 12 (Reuters) – Cornish Lithium, a battery minerals firm set up by a former City analyst, on Friday became the first British miner to launch a crowd funding campaign as it seeks play a role in securing strategic mineral supplies.
Britain’s mining industry is regarded by many as a thing of the past but a handful of companies are trying to revive it, particularly for the extraction of battery minerals, after government backing for a greener economy and less polluting transport.
Jeremy Wrathall, a mining engineer who graduated from the Camborne School of Mines in Cornwall, southwest England, and became an analyst for Investec bank, set up Cornish Lithium in 2016 to use digital technology to reassess Cornwall’s mineral wealth.
“We know it’s there. Whether it’s economic, we will find out, but why would we not look if it’s on our doorstep?” Wrathall said in an interview.
His firm is hunting not only for lithium, but also for other battery minerals, including cobalt. Research to gauge interest in crowd funding had elicited an enthusiastic response, he said.