Weardale Lithium Limited
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.
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.
The Weardale Lithium Project is located in the North Pennines, one of only two areas within the UK with the geology to develop lithium supply from underground geothermal brines in the UK.
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.