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Anson Resources Limited (ASX:ASN)

ALERT: Price-sensitive ASX Announcement for ASN
Current share price for ASN : $0.045 -0.002 (-4.26%)+
Announcement
Release
11 Jun 2026 8:39AM
Price at Release
$0.047
Full Release
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Summary
Anson Resources Limited announced a definitive binding agreement with POSCO Holdings Inc. for the construction and operation of a Direct Lithium Extraction (DLE) demonstration plant at the Green River Lithium Project in Utah, USA. Under this agreement, POSCO will lead the project, managing the design, construction, and operation at its own expense, and will pay Anson a facilitation fee of approximately AUD $7.2 million. The demonstration plant aims to validate the commercial viability of POSCO's proprietary DLE technology for extracting lithium from brines at the Green River site. The operation of the demonstration plant is expected to start in 2027 and conclude by 2028. Anson will provide property access, infrastructure, and brine supply. This collaboration is expected to enhance the strategic importance of Anson's lithium project and contribute to strengthening the North American lithium supply chain.
Key Points
  • Anson Resources signed a binding agreement with POSCO Holdings.
  • POSCO to construct and operate a DLE demonstration plant in Utah.
  • POSCO to manage the project at its expense and pay Anson a facilitation fee.
  • Demonstration plant to validate POSCO's DLE technology for lithium extraction.
  • Operation to commence in 2027, with completion by 2028.
  • Anson to provide property, infrastructure, and brine supply.
  • Agreement affirms the strategic importance of domestic U.S. lithium supply.
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.