A MINERAL exploration company has announced the appointment of new directors and board changes.

Mineral exploration and development company, Cornish Lithium, has said it is pleased to announce the appointment of Adam Howard and John Raymond to the Board as Non-Executive Directors.

Following the announcement of Cornish Lithium’s landmark fundraising in August this year, Adam and John will join the Board of Directors as representatives of the UK Infrastructure Bank (“UKIB”) and The Energy and Minerals Group (“EMG”) respectively.

Cornish Lithium also announces that Derek Linfield will step down from the Board with effect from November 30, 2023. Derek played a major role in developing the Company from August 2016 and was instrumental in negotiating and structuring Cornish Lithium’s mineral rights portfolio.

He also played a major role in arranging the Company’s initial funding and crowd funding rounds. The Company is grateful to Derek for his contribution to the initial years of Cornish Lithium and to its development thus far. His longstanding legal skills were pivotal for the Company and his contribution in this respect is greatly appreciated.

Ian Cockerill, Chairman of Cornish Lithium said: “Firstly, I would like to thank Derek Linfield for his work initially as Chairman and latterly as a Non-Executive Director on the Cornish Lithium Board. Derek was instrumental in the early years of Cornish Lithium working with Jeremy Wrathall to structure the key mineral rights agreements that have proved key to the Company’s success over the last seven years.

"I look forward to continued engagement with Derek as a significant shareholder of the Company.

“I am pleased to welcome Adam Howard and John Raymond to our Board as representatives of our new shareholders following the landmark investment package secured by Cornish Lithium in August.

"The Board will benefit from their significant experience of both the minerals sector and capital markets, and I look forward to working with them as we develop our exciting portfolio of projects to create value for our stakeholders.”