CORNISH LITHIUM PLC

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +102.3%

  £6,887,007 → £13,930,260

• Net assets

  -61.5%

  £22,288,604 → £8,591,118

• Employees

  +45.6%

  68 → 99

• Operating profit

  -35.3%

  -£8,395,876 → -£11,356,746

• Profit before tax

  -87.4%

  -£8,774,772 → -£16,445,189

• Wages

  +18.1%

  £5,340,404 → £6,307,061

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CORNISH LITHIUM PLC 2022-11-21 → present
2. CORNISH LITHIUM LTD 2016-05-28 → 2022-11-21

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Financial Statements have been prepared on a going concern basis which assumes the continuity of normal business activity and the realisation of assets and settlement of liabilities in the normal course of business. ... As such it has adopted the going concern basis of accounting in preparing these Financial Statements.”

Group structure

1. CORNISH LITHIUM PLC · parent
   1. Geocubed Limited 100% · United Kingdom · develop and install a pilot plant for direct lithium extraction from deep geothermal brines
   2. Cornish Lithium G5 Limited 100% · United Kingdom · develop and operate hard rock lithium projects
   3. Cornish Lithium Geothermal Limited 100% · United Kingdom · develop and operate lithium projects derived from geothermal brines
   4. Cornish Lithium Land Holdings Limited 100% · United Kingdom · hold farm business tenancy leases
   5. Cornish Lithium Hard Rock Limited 100% · United Kingdom · holding company for the Group's companies involved in its hard rock projects
   6. Elevate Minerals Limited 100% · United Kingdom · dormant
   7. Ecometals Cornwall Limited 100% · United Kingdom · dormant

Significant events

• “In October 2024, Cornish Lithium opened the UK's first low-emission, lithium hydroxide Demonstration Plant at the Trelavour Hard Rock Project, marking a significant milestone in the Company's development.”
• “In September 2024, the UK Government granted a Section 35 direction that the Trelavour Hard Rock Project is of national significance.”
• “As announced in May 2025, the parent company, Cornish Lithium Plc, acquired the patents and intellectual property rights associated with the Lepidico processing technology.”
• “In February 2025, the Company received approval from Cornwall Council for planning permission to develop a new state-of-the-art lithium facility at Cornish Lithium's Cross Lanes Project.”
• “In August 2023, the Company secured a landmark £53.6m funding package from the National Wealth Fund, EMG and TechMet.”
• “The £53.6m funding was closely followed by a hugely successful crowdfunding campaign which raised an additional £5.1m.”
• “In October 2024, the Company published its Policy Manifesto, outlining how and why the UK must secure domestic supplies of sustainable lithium.”
• “The Company has further strengthened its Board with the appointment of Gary Steven as a Non-Executive Director. Former director Adam Howard stepped down and Keith Liddell rejoined the Board.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

11

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.