Anson Resources

Anson Resources Ltd. (ASX: ASN) is an Australian-based company specializing in the development of high-purity lithium and other critical minerals, primarily through its flagship Green River Lithium Project in Utah, USA. Positioned strategically within the Paradox Basin—one of the largest lithium brine reservoirs in North America—the Green River Project is focused on delivering a sustainable, scalable, and U.S.-based lithium supply to support the nation’s transition to renewable energy. Anson’s lithium extraction technology is designed to be environmentally efficient, reducing both water usage and carbon emissions compared to conventional methods, thus aligning with global ESG standards.

With an extensive lithium resource base and promising upside potential, Anson Resources is advancing its flagship project through phased development stages. The company’s long-term vision includes integrating bromine and boron production as additional value streams, establishing Anson as a multi-faceted supplier of critical minerals for the U.S. battery and tech industries. Supported by strong infrastructure and a favorable location, Anson Resources is well-positioned to play a central role in the North American lithium supply chain.

Anson Resources offers a compelling opportunity for investors through its Green River Lithium Project, which is among the most promising lithium brine projects in the U.S. The project’s modular, phased approach aims to achieve an initial production of 10,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE), scaling up to a planned 30,000 tpa through reinvested cash flows. This strategy, coupled with low operating costs, positions Anson competitively among lithium producers in North America.

In addition to lithium, the Green River Project holds significant potential for producing bromine and boron, which adds further value to the project’s economic outlook. Situated on private land and with permitting well underway, Anson benefits from a swift pathway to production. Strategic partnerships, including its collaboration with Koch Technology Solutions on direct lithium extraction technology, reinforce Anson’s technical capabilities and enhance its project economics. As demand for domestic lithium supply grows in response to rising U.S. electric vehicle and energy storage needs, Anson Resources is poised to deliver sustainable, long-term returns for investors, capitalizing on its low-carbon, high-efficiency production model.

Anson Resources Ltd. is led by a highly experienced management team with deep expertise in resource development, project finance, and sustainable operations. At the helm is CEO Bruce Richardson, whose extensive industry background and leadership in international resource projects drive Anson's strategic vision and operational success. Richardson's focus on innovation in lithium extraction and commitment to sustainable practices have positioned Anson as a leader in U.S.-based lithium development.

Supporting the CEO is Matthew Beattie, CFO, a chartered accountant and has extensive international and Australian experience in finance, banking and the resources industry. Matthew has held senior management positions in private equity funds as well as Rio Tinto where he focused on the delivery of international exploration projects. 

The team also includes Greg Knox, Anson’s Executive Director, a geologist with over 30 years of experience in exploration and resource assessment. Knox’s geological expertise and leadership have been integral to advancing the Green River Project’s resource base and growth potential.

This seasoned leadership team, alongside a strong board of directors, is committed to achieving Anson’s strategic goals and delivering sustainable value to stakeholders, ensuring that Anson Resources is well-positioned to capitalize on growing demand for lithium and critical minerals.

Anson Resources Ltd. is executing a comprehensive growth strategy centered on the phased development of its flagship Green River Lithium Project. Utilizing a modular approach, the company aims to establish initial lithium production capacity of 10,000 tpa LCE, reinvesting free cash flow to scale output to 30,000 tpa over the coming years. This phased model is designed to optimize capital efficiency and allow for incremental expansion, reducing upfront costs and maximizing operational flexibility.

Environmental responsibility is central to Anson’s strategy. By leveraging innovative extraction technologies, including those developed through its partnership with Koch Technology Solutions, Anson aims to achieve high-efficiency, low-emission production. Additionally, Anson is exploring the extraction of valuable by-products like bromine and boron, which could add significant revenue streams to the project.

Through strategic partnerships and ongoing exploration, Anson Resources is committed to expanding its resource base within the Paradox Basin while minimizing its environmental footprint. With a favorable project location, existing infrastructure, and robust technical expertise, Anson Resources is positioned to become a leading supplier of critical minerals to North American markets, meeting the rising demand for sustainable lithium and other essential minerals in the green economy.

Anson Resources Ltd. has demonstrated strong financial foundations to advance its Green River Lithium Project in Utah. The company reported a cash position of AUD $23 million as of December 31, 2023, and is debt-free, giving it a solid base for initial development activities​. The project’s Definitive Feasibility Study (DFS) highlights robust economics, with an estimated capital expenditure (CAPEX) of USD $495 million and a projected annual EBITDA of USD $153 million over its 23-year project life. The DFS calculates a pre-tax net present value (NPV) of USD $1.3 billion, based on a lithium carbonate price of USD $19,800 per tonne, with an internal rate of return (IRR) of 47% and a payback period of two years from commissioning.

The company has also established a cost-sharing framework with Koch Technology Solutions (KTS), which will provide a convertible note investment to support the development of a pilot unit at Green River. This partnership not only strengthens Anson’s financial capacity but also brings advanced extraction technology to enhance operational efficiency. Anson’s phased, cash-flow-funded model supports its capital-efficient strategy, targeting early cash flow through the initial 10,000 tpa production capacity, with plans to scale up to 30,000 tpa​.

This financial strategy positions Anson to leverage its resources effectively, with substantial revenue potential from lithium production and additional by-products, creating a sustainable pathway for long-term shareholder value.

Anson Resources Ltd. is poised to become a key player in North America’s lithium and critical minerals sector, with its flagship Green River Lithium Project positioned as a high-potential resource supporting the U.S. supply chain. With a phased production model, innovative extraction technology, and a commitment to sustainability, Anson is well-aligned with the global shift toward renewable energy and responsible resource development.

The company’s experienced management team, capital-efficient strategy, and partnerships with industry leaders underscore its readiness to deliver long-term value. As demand for lithium and other essential minerals accelerates, Anson Resources offers investors a unique opportunity to participate in a project designed for sustainable growth, backed by strong economics and strategic resource management. Positioned at the intersection of technology and environmental responsibility, Anson Resources is set to play a vital role in charging America’s future.