HomeFundingBritish Lithium secures €560K for its game-changing lithium extraction tech for batteries...

British Lithium secures €560K for its game-changing lithium extraction tech for batteries and electric vehicles

Roche-based British Lithium has been awarded around €560K for its game-changing technology, which could revolutionise supply of lithium required for large-scale manufacture of Li-ion batteries. The funding comes as match grant funding from the UK Government’s ‘Innovate UK Smart Grant’ and will be used to progress its research and development into hard rock lithium extraction in the southern UK region Cornwall.

Founded in 2016, British Lithium Limited is the first company in the UK to explore for hard rock lithium, and the only one so far to have established a resource.

“We have undertaken many years of metallurgical research to develop a unique process for extracting lithium from micaceous granite – something never done commercially before,” said BLL’s chairman Roderick Smith. “We have our own laboratory in Roche, and our aim is to build a quarry and refinery in Cornwall that will produce 20,000 tonnes per year of lithium carbonate.”

Lithium is a highly reactive and relatively light metal that is ideal for use in batteries – including those that power electric cars. While 2020 has seen a dramatic decrease in the number of petrol and diesel cars sold, sales of zero emission vehicles increased by nearly 160%. Cars represent the UK’s largest export by value, but car manufacturers co-locate with battery makers. A number of large lithium-ion battery plants (“gigafactories”) are already built or under construction in Europe, but only one such gigafactory is currently proposed for the UK.

“The amount of lithium we are planning to produce annually will be a major step forward in attracting more battery manufacturers and maintaining our car industry,” said BLL managing director Andrew Smith. “If batteries are not made in the UK, car makers are likely to continue investing in EV production in Europe, because that’s where the gigafactories are. Yet Europe isn’t actually producing any battery-grade lithium so achieving that in Cornwall would give the UK as a whole, a huge competitive advantage.”

BLL carried out its first drilling programme in April 2019 after years of research, reconnaissance and metallurgical testwork. Further trenching took place five months later, followed by an intensive 24-hour diamond-core drilling programme in December. An on-site team of six is now preparing for the third phase of exploration.

Steve Double, MP for St Austell and Newquay, said: “This announcement is excellent news for the local and national economy as it brings BLL another step closer to building a quarry and processing plant that will create hundreds of high-quality jobs and provide the UK with a significant sustainable resource. As a proud Cornishman, I’m very excited by the prospect of Cornwall leading the way in the production of hard rock lithium and look forward to further developments over the months and years to come.”

With an application success rate of around 6%, the Innovate UK Smart Grant is a highly sought-after award and winning it is testament to the strength of BLL’s business case.

Charlotte Tucker
Charlotte Tucker
Charlotte is the previous Editor at EU-Startups.com. She spends her time scouting the next big story, managing our contributor team, and getting excited about social impact ventures. She has previously worked as a Communications Consultant for number of European Commission funded startup projects.

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