IN BRIEF: Marechale notes GBP700,000 grant for Weardale Lithium

Marechale Capital PLC - London-based adviser and financing provider for consumer brands, leisure, clean energy, mineral extraction and technology companies - Notes that its investee company Weardale Lithium Ltd has secured a GBP700,000 grant through the UK government's "DRIVE35 Scape-Up: Feasibility Studies" competition, which supports the next phase of development at its geothermal lithium project in County Durham.

Marechale says: "The grant funding provided by UK government will enable Weardale to undertake a detailed feasibility study to map its geothermal lithium-bearing brinefield within the North Pennine Orefield, de-risking future commercial deployment of direct lithium extraction technology and informing long-term wellfield design and commercial production strategy."

It adds: "By advancing subsurface characterisation and technical modelling, the feasibility study represents an important step towards establishing a domestic source of battery-grade lithium carbonate, reducing reliance on imported raw materials and strengthening the resilience of the UK's electric vehicle manufacturing base."

Current stock price: 1.80 pence each, up 6.1% on Friday afternoon in London

12-month change: up 39%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Marechale Cap.