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Been here a while now... really need this to move...
They have the support from most of the local community
Agreed. Any negativity here will be from people who missed their entry!
Think they will
The aim seems to be clean mining can't think of any reason they'll say no to that
It would be just common sense
Bwtfdik
Will they get permission? Personally I think no. We buy a lot of lithium from Australia so why build a new industry in the UK? The woke brigade will be out in force.....
You missed this bit:
The Worlds miners will be desperate to bid for this huge development with opening bids of 10 billion dollars likely
Ok I made that bit up. But if planning is granted and work starts how much is the 10 per cent stake worth?
A mining company has announced plans to extract 10,000 tonnes of lithium a year from rocks beneath a County Durham beauty spot after drilling found vast volumes of hot brines laden with the precious mineral.
Lithium is an essential component of the rechargeable batteries that power everything from mobile phones to electric vehicles – but the UK is currently entirely dependent on imports.
Weardale Lithium’s planned processing plant in the Co Durham valley would strip the lithium from water pumped from deep underground reservoirs, creating the UK’s first domestic supply of the mineral.
If the deposits prove commercially viable then the UK could reduce its current complete reliance on imports which mainly come from Australia and South America.
The area is the second part of the UK to yield commercially viable lithium deposits. Cornish Lithium is already seeking to exploit similar deposits in Cornwall. It too expects to produce about 10,000 tonnes a year.
Stewart Dickson, the chief executive of Weardale Lithium, said the company wanted to establish “a facility for domestic lithium production from naturally occurring geothermal groundwaters that would become a focal point for the UK lithium industry.”
Weardale Valley is a renowned beauty spot on the east side of the Pennines, about 19 miles long but with a long history of mining, mainly for lead, silver and fluorspar.
The hot lithium-rich brines were discovered after boreholes were drilled more than 3,500 feet into the rocks underlying Weardale.
Under the scheme, the heat from the water could be used to warm local homes and businesses with the water also processed to remove lithium, before being pumped back underground.
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By 2030, the UK is expected to require 80,000 tonnes of lithium carbonate a year for electric car batteries and renewable energy storage. It can be produced from mining and processing the lithium-rich rocks found in Australia, Brazil and Zimbabwe but this is energy-intensive and expensive.
Lithium often appears in brines and brine deposits – with vast deposits extracted this way in Chile, Argentina and Bolivia.
The mineral has long been used for making heat-resistant glass, lubricants and industrial steel production but demand now is driven by its use in rechargeable batteries for anything from mobile phones to electric cars.
Weardale Lithium said that, if approved by Durham County Council’s planning committee, its processing plant would be “one of the most advanced lithium extraction plants in Europe.”
Can you copy and paste article? It is subscription only
I still need 100% to breakeven from here but looking good!
MAC own 10% of Weardale 👌🏽
Whats the connection here
Https://www.telegraph.co.uk/business/2024/04/30/lithium-miner-submits-plans-to-drill-in-durham/