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Weardale Lithium & Tees Valley Lithium secure £613,000 funding package

A County Durham company hoping to extract lithium from beneath the region’s countryside to use in electric car batteries has secured a six-figure funding deal.

Natural resources company Weardale Lithium Limited has secured a £613,000 joint funding package with Tees Valley Lithium Ltd to drive forward its plans. The two companies last year signed a Memorandum of Understanding to explore the potential to produce and refine lithium in the North East.


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