Womble Bond Dickinson has advised The Crown Estate on the deal.
The Crown Estate, manager of the seabed and much of the foreshore around England, Wales and Northern Ireland, with its latest Minerals Licensing Round, granted rights to Cornish Lithium to explore for lithium within geothermal waters off the coast of Cornwall.
Lithium is a key component used for electric vehicles and renewable energy power storage, and as such, has a valuable role to play in helping the UK meet its ambitious climate change targets. The award of rights follows a comprehensive two-year tender process which started in 2018 and gives the nod to Cornish Lithium to start its desk-based exploration programme and identify potential geological targets for later research.
The WBD team advising The Crown Estate was led by legal director Joanna Beattie-Edwards (Picture) together with partner Anthony Alderman and legal director Sarah Holmes.
Law Firms: Womble Bond Dickinson;
Clients: Crown Estate;