Cornish Lithium Announces Key Board Appointment and Departure

Gary Steven Joins as Non-Executive Director

Cornish Lithium, the innovative mineral exploration and development company, has announced a significant addition to its Board. Gary Steven has been appointed as a Non-Executive Director, representing the National Wealth Fund (NWF), formerly the UK Infrastructure Bank.

Gary brings over 20 years of finance experience, including roles at BlackRock, Dalmore Capital, Bank of Scotland, and Lloyds Banking Group. At NWF, owned by HM Treasury, Gary leads the Portfolio Management team, overseeing a diverse range of debt and equity investments. His expertise spans originating and structuring financial transactions, managing infrastructure portfolios, and handling distressed assets.

Before joining NWF, Gary worked at BlackRock, where he was responsible for valuing infrastructure investments across Europe, the Middle East, Africa, North America, and Asia-Pacific. Jeremy Wrathall, Founder, Interim Chairman and CEO of Cornish Lithium, commented on the appointment: “I am delighted to welcome Gary and look forward to working with him. His financial skills will further strengthen our Board as we continue to develop our dynamic portfolio of projects to create value for all of our stakeholders.”

Adam Howard Steps Down

Alongside this appointment, Cornish Lithium announced the departure of Adam Howard, who steps down from the Board with immediate effect. Adam leaves to take up the position of Chief Financial Officer at Invinity Energy Systems. Jeremy expressed his gratitude to Adam, stating: “I also extend my thanks to Adam for his contributions as a Non-Executive Director and wish him every success in his new role.”

About Cornish Lithium

Cornish Lithium focuses on the sustainable extraction of lithium and other vital technology metals from geothermal waters and hard rock in Cornwall’s historic mining district. The company uses modern technology to re-evaluate the region’s potential and aims to provide a secure domestic supply of these crucial metals. This aligns with the UK Government’s Industrial Strategy and the push towards net zero and electric vehicle production.

The company’s key institutional investors include the National Wealth Fund, TechMet, and The Energy & Minerals Group. To learn more about Cornish Lithium’s projects, visit their website.