Northern Lithium is gaining attention as it seeks £6 million to boost its plans for lithium production. Founded by Richard Morecombe in 2017, Northern Lithium aims to extract lithium in the Pennines, a key component for electric vehicle batteries. The company’s recent 30-day pumping test was a major success, surpassing expectations.

Paired with support from notable investors like Crispin Odey and Martin Gilbert, Northern Lithium’s fundraising effort targets high net worth individuals and retail investors. With ambitions for commercial production by 2027, the company is well-positioned to meet the rising demand for lithium, essential for energy transition.

Northern Lithium’s influential backers include Rich Ricci, chief executive of Panmure Liberum, and the Duke of Northumberland. Their involvement highlights the growing interest and support for UK’s domestic lithium ventures.

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