(Kitco News) – Cornish Lithium, the innovative mineral exploration and development company based in Cornwall, UK, today announced that it has successfully completed a crowdfunding campaign on Crowdcube raising £6 million (~$8.4 million) to progress its geothermal and hard rock projects in Cornwall and to create additional value for shareholders.
The company said it opened up the opportunity to pre-registered investors today at 9:00am and had raised it’s £6 million target within 20 minutes.
CEO & Founder Jeremy Wrathall said, “We are delighted with the support we have received to date for our latest crowdfunding round. The additional funding will be used to continue the progress towards our goal of creating a battery metals hub for the UK.
We have made significant advances since our last fundraising on Crowdcube, on both our geothermal and hard rock workstreams. We have also continued to attract Government support with additional funding grants being made as well as receiving our offshore exploration licences from the Crown Estate.”