Cornish lithium firm warns it could go bust without new funding
A leading light in the green energy sector has warned it could go out of business if it fails to raise £10m by the end of July.
Cornish Lithium sent the message to investors in its annual report.
The company said it needs the funding to “ensure the business can meet its financial commitments”.
The company was forecasting the start of production from 2026 but the company is desperate to raise cash.
Cornish Lithium posted a £6.6m loss in 2022 but is revealed that even if secures the £10m funding it will still need med... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
