London — Mayer Brown has advised Cornish Lithium on a £53.6 million (US$67 million) initial investment made by a group of leading institutional investors led by the UK Infrastructure Bank alongside The Energy & Minerals Group (EMG) and TechMet. Following the closing of this round of initial investment, Cornish Lithium has announced that it will also make available a further retail share offering through Crowdcube (Retail Offer).
This is the first direct equity investment from the UK Infrastructure Bank which will invest approximately £24.0 million (US$30 million equivalent) into the development of the UK’s critical minerals supply chain. The funding package is expected to significantly accelerate progress toward the creation of a domestic UK supply of battery grade lithium compounds. EMG, a US-based private equity fund focused on the energy and minerals…
