UK offers up to £9.8m grant for geothermal lithium extraction plant in Cornwall

Geothermal Engineering Ltd has received an offer in principle of up to £9.8 million in UK government grant funding for a geothermal lithium extraction plant in Cornwall.

According to the source, the plant is intended to produce 1,500 tonnes per year of technical-grade lithium carbonate.

The announcement indicates the funding is an offer in principle, rather than a final award.