Geothermal Engineering Limited secures UK government funding for lithium extraction project in Cornwall
Type: Financing · Technology: Mining · Country: United Kingdom · Announced: 2026-09-28
Geothermal Engineering Limited reported that it has received funding commitments from the UK government to support its planned lithium extraction plant in Cornwall. The company said the financing underpins preparations and enables commercial production to begin at the Cornwall lithium extraction plant in 2029. The project will extract lithium from geothermal brine in Cornwall using Geothermal Engineering Limited's technology and is tied to geothermal operations in the region. The UK government's funding commitment is presented as the enabler of the project's move toward commercial production by 2029, benefiting domestic critical minerals supply. No financing value or detailed funding structure was disclosed in the announcement on 2026-09-28.
Counterparties
- Geothermal Engineering Limited (Developer)
- UK Government (Lender)
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