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Anson Resources Limited (ASX:ASN)

ALERT: Price-sensitive ASX Announcement for ASN
Current share price for ASN : $0.044 -0.009 (-16.98%)+
Announcement
Release
13 May 2026 9:42AM
Price at Release
$0.053
Full Release
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Summary
Anson Resources Limited and POSCO Holdings have approved a binding agreement for the development of a Direct Lithium Extraction (DLE) demonstration plant at the Green River Lithium Project in Utah, USA. POSCO will lead the project, covering all costs for designing, constructing, and operating the plant, while Anson provides the necessary access and resources. POSCO will also pay Anson a facilitation fee of around AUD $7.2 million. The definitive agreement is expected to be finalized by mid-2026, with plant operations starting in 2027. This collaboration is seen as a significant advancement for both companies, enhancing the strategic importance of the Green River project in the U.S. battery materials supply chain.
Key Points
  • Anson Resources and POSCO Holdings approved a binding agreement for a DLE demonstration plant at the Green River Lithium Project.
  • POSCO will design, construct, operate, and maintain the demonstration plant at its own expense.
  • Anson will provide access to property, infrastructure, and brine supply.
  • POSCO will pay Anson a facilitation fee of approximately AUD $7.2 million.
  • The definitive agreement is expected to be signed by the end of Q2 2026, with operations commencing in 2027.
  • The project aims to validate POSCO’s DLE technology for lithium extraction.
  • The collaboration positions Green River as a key player in the U.S. domestic battery materials supply chain.
  • Executive Commentary highlights the transformational nature of the agreement for Anson and POSCO’s commitment to the U.S. lithium supply chain.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.