UKIB’s direct equity foray – Cornish Lithium

Through its Trelavour hard rock mine development alone, it is estimated that Cornish Lithium could generate £800 million of economic activity for the local economy over the expected 20-year mine life. August Next Energy Capital – £250 million equity Infracapital – £100 million equity July NeuConnect interconnector – £150 million loan June CityFibre, the challenging syndication – £200 million loan May Octopus Investments scale-up – £100 million equity March Fibrus in Northern Ireland – £50 million loan West Midlands Combined Authority – £10 million loan The first UKIB deals were closed in the final quarter of 2021 once the bank was up to speed after its launch in the summer: December GigaClear fibre roll-out – £100 million loan November Next Energy Capital – £43 million loan October South Bank Quay at Teesworks – £107 million loan Commentary on Cornish Lithium deal Jeremy Wrathall (pictured right above), founder and chief executive of Cornish Lithium, said: “Cornish Lithium has achieved its objective of defining world-class opportunities for lithium extraction in Cornwall from both lithium-enriched geothermal waters and from hard rock.