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Cornish Lithium nabs ‘exclusive licence’ from ASX-listed company
King & Wood Mallesons has advised UK-headquartered Cornish Lithium on an acquisition of an integral licence from ASX-listed company, Lepidico Ltd.
Emma Musgrave
Firm: King & Wood Mallesons (Cornish Lithium).
Value: $4 million.
Area: Intellectual property, technology.
Key players: The KWM team advising Cornish Lithium was led by partners Heath Lewis and Scott Bouvier and supported by senior associate Mark Joss.
Deal significance: The licensing acquisition brings Cornish Lithium a step closer to developing its lithium prospects in Cornwall, UK.
“The company believes that this work will accelerate UK production of battery-quality lithium chemicals for the UK automotive and battery industries,” a statement from KWM explained.
“Cornish Lithium believes that the licence to Lepidico’s L-max® and LOH-max® technologies will allow development of the low-carbon extraction of lithium from zinnwaldite and polylithionite mica ores.
“Work so far has indicated the potential of this technology to produce battery-grade lithium in Cornwall without the need for further refining, offering a complete on-site solution.”
Commenting further on the deal, Mr Lewis said: “The dynamics of the lithium market for emerging producers – global supply and demand, geopolitics and the investor and regulatory scrutiny they bring – mean each deal is truly unique.”
“The potential unlocking of mica as a source of lithium makes this transaction rewarding to be a part of.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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