ABOUT WEARDALE LITHIUM
Sustainably resourcing the future
WHO ARE WE?
Weardale Lithium limited is a natural resources exploration and development company. We are seeking to provide a secure and sustainable supply of domestic lithium with associated geothermal energy from underground brines in Weardale, County Durham.
The company has entered into agreements to secure exclusive access to two boreholes in Eastgate, Weardale. The two boreholes were developed in 2004 and 2007 by a consortium led by the University of Newcastle; so both have already been drilled and high levels of lithium have been identified in the underground brines extracted from them.
DEMAND FOR LITHIUM
Lithium is a key mineral for successful transition of the UK to a low carbon economy. It is the primary component in lithium-ore (“Li-on”) batteries used in electric vehicles. The transition to carbon-neutral economies is expected to drive a strong growth in demand for lithium-ion (“Li-on”) batteries of circa 15% CAGR over the next five years.
LITHIUM IN WEARDALE
The geothermal waters underneath Weardale are enriched with lithium. Once extracted, this lithium is planned to be used in local factories
building electric cars. This is one way in which the UK Government are hoping
to reach their carbon neutral targets.
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LEARN MORE ABOUT WEARDALE
Weardale is an Area of Outstanding Natural Beauty located in the North Pennines in County Durham. It is known for its incredible landscapes and visited every year by many tourists.
Weardale is one of the two UK locations with geology enabling sufficient geothermal properties to develop unconventional lithium supply from geothermal waters and associated potential geothermal heat and power generation.
The Weardale Granite is classified as a ‘radio-thermal granite’, and is similar to those that occur in Cornwall, which also contain lithium. The success of the Cornish Lithium industry has led to significant investor interest in the UK’s ability to contribute successfully to the global lithium ‘race’