UK lithium miner taps up wealthy backers Markets A UK-based lithium miner targeting production in the North East is planning to raise £3m from rich backers and retail investors, ahead of an anticipated £30m fundraise later this year. Northern Lithium, which is looking to extract lithium from the Ludwell Farm site in County Durham, said the funding would come from existing shareholders and [...]
FTSE 100 mining giant Rio Tinto confirms interest in Arcadium Lithium mining The approach comes after a sharp fall in global lithium prices, partly as a result of the economic slowdown in China and sagging demand for EVs.
Crispin Odey-backed lithium start-up launches £6m fundraise Business Northern Lithium aims to source the silvery-white metal from the Northern Pennines and is planning to start commercial produciton by 2027.
TVL makes ‘strides’ in securing £19.5m investment for refinery set to power UK’s EV boom August 5, 2024 The company behind Tees Valley Lithium (TVL) said it is making "significant strides" in securing up to $25m (£19.5m) in funding for its Wilton refinery project.