At One Ventures: Tapping into Massive Lithium Reserves in the North East
Portfolio | Jun 02, 2025 | At One Ventures
At One Ventures, a private equity firm, is capitalizing on a significant new opportunity in the lithium extraction industry, amidst what has been called a modern-day 'gold rush' for the valuable mineral. Following Weardale Lithium's recent approval from Durham County Council to commence similar operations, At One Ventures has announced plans to tap into substantial lithium reserves situated in the North East of England. This region is strategically significant due to its proximity to major battery manufacturers such as Hitachi and Nissan, highlighting the importance of local supply chains for battery production. Bishop Auckland MP Sam Rushworth underscored the potential economic benefits and opportunity for growth, emphasizing the region's suitability for lithium extraction as a pivotal factor in the UK's burgeoning clean energy sector.
Sectors
- Mining and Resources
- Energy Storage and Battery Manufacturing
- Private Equity
Geography
- United Kingdom – The article focuses on lithium extraction activities in North East England, involving both domestic companies and regional political figures.
Industry
- Mining and Resources – The article discusses the extraction of lithium, placing the focus on mining for a critical resource necessary for battery production.
- Energy Storage and Battery Manufacturing – Lithium is a key component in the manufacture of batteries, connecting this sector tightly to the activities described in the article.
- Private Equity – The involvement of At One Ventures, a private equity firm, highlights the financial industry aspect focusing on investing in the extraction project.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| At One Ventures | Investor/PE Firm | Company | A private equity firm planning to extract lithium in North East England. |
| Weardale Lithium | Rival/Competitor | Company | A company that has received planning permission to conduct lithium extraction in the same region. |
| Hitachi | Buyer | Company | One of the major companies in the North East buying batteries, highlighting the relevance of local lithium extraction. |
| Nissan | Buyer | Company | Another key player in the battery purchasing market within the North East, emphasizing the industrial ecosystem. |
| Bishop Auckland MP Sam Rushworth | Political Figure | Person | MP expressing support and excitement for local lithium extraction opportunities. |
| Durham County Council | Government/Regulatory Authority | Government | The local government authority that granted planning permission to Weardale Lithium. |