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Anson Resources ( (AU:ASN) ) just unveiled an update.
Anson Resources reported progress at its Green River Lithium Project in Utah, intersecting the Mississippian target horizon in the Mt Fuel–Skyline Geyser well, collecting brine samples to support a potential expansion of its maiden JORC mineral resource. The company also produced 99.4% purity EV battery-grade lithium carbonate from Green River brine, advanced engineering studies on direct lithium extraction and downstream processing, and delivered high-purity lithium chloride to Nusano for evaluation.
The company noted that POSCO completed its technical evaluation of Anson’s DLE demonstration plant and, despite delaying an investment approval decision amid global uncertainty, reaffirmed its commitment to the project. Beyond lithium, Anson completed a 23-hole drilling program at its Yellow Cat vanadium/uranium project in Utah, continued planning around its Surprise Deposit in Western Australia and ended the quarter with a cash balance of $9.5 million, underscoring its capacity to fund ongoing development work.
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 a diversified minerals development company focused on demand-driven commodities, led by its core lithium assets in the Paradox Basin of Utah in the U.S. The company, through its U.S. subsidiaries A1 Lithium and Blackstone Minerals NV LLC, aims to develop this globally significant lithium region into one of the largest lithium resources in North America, while also advancing vanadium, uranium and Western Australian projects.
Average Trading Volume: 3,441,238
Technical Sentiment Signal: Sell
Current Market Cap: A$97.17M
For a thorough assessment of ASN stock, go to TipRanks’ Stock Analysis page.