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Anson Resources Limited (ASX:ASN)

ALERT: Price-sensitive ASX Announcement for ASN
Current share price for ASN : $0.044 0.001 (2.33%)+
Announcement
Release
7 Jul 2026 9:40AM
Price at Release
$0.043
Full Release
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Summary
Anson Resources Limited has garnered significant support from key members of the US Congress for its grant applications submitted to the US Department of Energy, totaling USD$85 million. These applications are part of the company's strategy to secure funding for the development of its Green River Lithium Project in Utah without diluting shareholder interests. The strong backing from Utah's congressional delegation highlights the project's prominence and potential impact. The grant applications cover various programs aimed at future mining, capacity expansion, and battery materials processing, with an aim for a final investment decision by the latter half of 2027.
Key Points
  • Anson Resources Ltd, an ASX-listed company, has secured strong support from US Congress Representatives for its applications for US Department of Energy (DoE) grants.
  • The company has submitted three grant applications totaling USD$85 million under the DoE programs: Mine of the Future, Mines & Metals Capacity Expansion, and Battery Materials Processing & Battery Manufacturing.
  • Key Utah Congress members, including Congressman Mike Kennedy, Blake Moore, and Burgess Owens, have formally supported Anson's applications.
  • The funds, if awarded, will be used to further develop Anson's Green River Lithium Project in Utah, USA.
  • Anson's strategy involves securing non-dilutive funding to avoid issuing additional shares and diluting shareholder value.
  • The company expects to make a Final Investment Decision by the second half of 2027.
  • Anson has been actively engaging with government representatives at various levels to support its projects.
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.