RNS10 Apr 2026 16:10
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Marechale Capital plc
("Marechale Capital", "Marechale" or the "Company")
Weardale Lithium Receives £700k Grant
Marechale Capital plc, an established City of London based corporate finance house with a long-term track record and a strong reputation for advising and financing high growth consumer brands, leisure, clean energy, mineral extraction and technology companies, notes the following announcement made by its investee company, Weardale Lithium Limited ("Weardale").
Weardale has secured grant funding through the UK Government's DRIVE35 Scale-Up: Feasibility Studies competition, supporting the next phase of development at its geothermal lithium project in County Durham.
The £4 billion DRIVE35 programme, delivered by the Department for Business and Trade in partnership with the Advanced Propulsion Centre UK (APC) and Innovate UK, is designed to accelerate investment in zero-emission vehicle technologies and strengthen the UK's end-to-end automotive and battery supply chain.