Transformational step forward for Anson Resources.
POSCO Holdings — one of the world’s leading industrial and battery materials groups, has approved a binding agreement to develop a proprietary DLE Demonstration Plant at Green River, Utah.
POSCO to lead the project at its own expense
US$5.2M non-dilutive facilitation fee to Anson
Accelerates technical de-risking & commercialization
Positions Green River within the emerging U.S. critical minerals supply chain
$ASN.AX #Lithium #CriticalMinerals #DLE #POSCO
When you’ve won a Super Bowl, you tend to know what winning looks like! 🏈
Great having US Representative Burgess Owens and his team on site at Green River for an in-depth tour of our operations and infrastructure —safe to say he can still spot a winner when he sees one.
Anson was honored by the visit to the Green River Lithium Project by Congressman Burgess Owens, his staff, Utah State Senator, Dave Hinkins, Green River City Mayor, and four City Councillors demonstrating the strong support that the project has from all levels of government. Rep. Owens spent over two hours on site and was briefed by Anson/A1 employees and consultants on swabbing from the well, test work using the on-site ICP and extracting lithium from the brine. Discussions were also held about the next steps of the project including on-going government support.
Anson is having success with building its relationships in Washington after meeting with elected members from Utah in both the US Congress and Senate and government officials in the Department of Energy and the Department of Commerce, awareness of the Green River Lithium Project has increased substantially. This culminated in a visit to Green River by Representative Burgess Owens and X posting on his own account that he for the work that Anson is doing in assisting the USA in developing a domestic supply chain. https://t.co/I36XzqKpKM
Company is continuing to work with Rep. Owens , and with other members of Congress and Senate, in its efforts to secure support from the Federal government, including applications for three government grant programs. Pictured are some of the other Federal government representatives that the Company visited in Washington Senator John Curtis, Congressman Burgess Owens (Former NFL & Superbowl winner), and Congressman Blake Moore.
Anson's drilling program at the Mt Fuel Skyline Geyser Well continues to move forward, angling a new well away from the original casing considered not to have been plugged correctly and too difficult to use as a re-entry well. Once distanced sufficiently from the original casing drilling to the target depth will commence. The most difficult part of establishing the parallel sidetracked well is nearing completion.
Anson has commenced the mobilization of the drilling rig that will be used to re-enter the Mt Fuel Skyline Geyser Well at the Green River Lithium Project, Utah, USA. The well head has been delivered and the large size drill rig is being delivered in pieces for assembly. The purpose of the re-entry program is to increase the JORC resource estimates.
Anson is preparing the access road and pad at the Mt Fuel/Skyline Geyser Well for a re-entry program to take samples of the previously logged brine for assay for lithium as a part of the Company's strategy to further increase the JORC resource estimate for the Green River Lithium Project.
@Pumkins24U@juniorminingpro ACM is also a lot further l infrastructure! ASN have private land and most of their utilities onsite!
Power ✅
Water ✅
Rail and road✅
Sure you could build all those things to their site…or you could just scale Anson’s output
Anson is pleased to note that its share price has out-performed its peers over the past six months. USA based projects have significantly increase due not only to a rising price but also the US government's focus on securing domestic supply chains for critical minerals. The on-going interest in the Green River project from POSCO and other strategic players in the lithium sector is also expected to provide further support to this continuing this trend.
@anson_ir leading the way! Easily the most undervalued company on the ASX. Once trump gets into power, people are going to realise the value of being in the US and not reliant on China
https://t.co/NQAjA3egY3
Anson through one of its 100% owned subsidiaries in the USA, Blackstone Minerals NV LLC, on 12 September, 2024 received notification from the State or Utah, Department of Natural Resources, Division of Water Rights that after review of a "Request for Reconsideration" it has confirmed the approval of the company's application to appropriate water (brine) for the extraction of lithium at the Green River Lithium Project. This re-instated approval comes after the approval by the Utah Department of Environmental Quality for a Underground Injection Control (UIC) license for the disposal of the lithium depleted brine in late August 2024 giving the right to the Anson for both the extraction and disposal of the lithium brine and major milestone in the development of the Green River Lithium Project.
Anson Resources Limited (ASX: ASN) is pleased to announce that it has completed negotiations with LG Energy Solution (KRX: 373220) and executed its first binding offtake term sheet to supply battery-grade lithium carbonate from its project in the Paradox Basin in southern Utah, USA.
• Subject to the satisfaction of customary conditions precedent (summarised in the annexure), the Initial 5-year term is expected to commence in 2027, with the ability to extend for a further five years.
• LG Energy Solution to purchase 4,000 dry metric tonnes per year and specifies the operational and logistical requirements for the delivery of product.
• Pricing is determined using a formula-based mechanism referencing market prices for battery-grade Lithium Carbonate.
• LG Energy Solution is a global leader in delivering advanced lithium-ion batteries for electric vehicles, mobility and IT applications and energy storage systems.