Latest Green River Lithium Project News

Anson Resources says its proprietary pre-treatment process removed iron to undetectable levels from a third-party lithium brine in a single pass, while retaining lithium within its stated tolerance. The company is now discussing potential technology sales, although no transaction or financial benefit has been secured.

Anson Resources has applied to establish a Utah Public Infrastructure District that could issue bonds backed by future tax differential revenues for infrastructure at its Green River lithium project. The proposal offers a possible non-dilutive funding route, but no bonds have been approved, sized or arranged.

Anson Resources has raised Green River’s modelled post-tax NPV8 to approximately US$1.046 billion after incorporating two conditional Utah incentives. The uplift leaves the project’s US$569 million capital estimate and lithium-price assumption unchanged, but the benefits remain tied to construction, performance and financing milestones.

Anson Resources has secured approval for 17 additional Utah lease blocks covering 16.02 square kilometres inside the Green River Lithium Project’s resource area of interest. The company says the expanded ground could support a larger JORC resource without further drilling, but the proposed exploration target remains conceptual and the lease is not yet signed.

Anson Resources has signed a non-binding MoU covering a potential five-year lithium carbonate offtake with Wogen and possible project financing support from Xcelsior. The proposed supply could reach 6,000 tonnes of lithium carbonate equivalent a year, but deliveries remain dependent on Green River being financed, permitted and built.

Anson Resources has secured approval for an estimated US$212 million post-performance tax credit tied to its Green River Lithium Project in Utah. The benefit could materially improve the project’s projected economics, but it will only be realised if the project proceeds, generates tax revenue and meets the scheme’s conditions.

Anson Resources has locked in a substantial $194 million business incentive from the Utah Inland Port Authority to support its Green River Lithium Project, underpinning the financing of its planned 10,000tpa lithium carbonate plant.

Anson Resources' downstream partner JordProxa has produced lithium carbonate at 99.6% purity from its Green River project, exceeding the 99.5% industry benchmark for electric vehicle batteries. Independent SGS testing confirmed the quality, highlighting progress toward commercial lithium supply.

Anson Resources has secured a conditional US$357.7 million incentive package proposal from Utah authorities, potentially easing capital and tax burdens for its Green River Lithium Project and enhancing its financial outlook.

Anson Resources has secured 1,175 acres of mineral rights from Utah’s FFSL, boosting its Green River Lithium Project and setting the stage for a resource upgrade and feasibility study.

Anson Resources and JordProxa have successfully completed the first phase of non-thermal downstream processing test work, advancing the Green River Lithium Project closer to commercial production.

Anson Resources has dramatically expanded its Green River Lithium Project resource and confirmed robust project economics, while sealing a key agreement with POSCO for a demonstration plant funded by the Korean industrial giant.