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An update from Anson Resources ( (AU:ASN) ) is now available.
Anson Resources and South Korea’s POSCO Holdings have secured board approvals for the terms of a binding agreement to develop a Direct Lithium Extraction demonstration plant at Anson’s Green River Lithium Project in Utah. POSCO will design, build, fund and operate the non-commercial facility using brines from Anson’s Bosydaba #1 well, while Anson provides access to land, infrastructure and brine supply, and will receive a facilitation fee of about AUD $7.2 million.
The demonstration plant is intended to validate POSCO’s proprietary DLE technology at continuous industrial scale, with operations expected to run from 2027 to 2028 following execution of a definitive agreement targeted by the end of Q2 2026. The collaboration is framed as a key step in technically de-risking Green River, strengthening its role in the emerging U.S. battery materials supply chain and potentially paving the way for further joint investment and commercial cooperation between Anson and POSCO.
The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.38 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
More about Anson Resources
Anson Resources is an Australian-listed resources company focused on developing the Green River Lithium Project in the Paradox Basin, Utah, in the United States. The company is targeting lithium extraction from brines, positioning itself within the battery materials supply chain, particularly serving the growing demand for domestically sourced U.S. lithium.
Average Trading Volume: 3,089,089
Technical Sentiment Signal: Sell
Current Market Cap: A$82.6M
Learn more about ASN stock on TipRanks’ Stock Analysis page.