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Anson Resources ( (AU:ASN) ) has shared an update.
Anson Resources has signed a non-binding Memorandum of Understanding with POSCO Holdings to develop a Direct Lithium Extraction (DLE) demonstration plant at the Green River Lithium Project in Utah. This collaboration aims to validate the commercialization potential of DLE technology and explore future business opportunities. POSCO Holdings will fund the demonstration plant, which is expected to enhance Anson’s strategic positioning in the lithium market and contribute to the U.S. supply chain for EV battery materials.
The most recent analyst rating on (AU:ASN) stock is a Buy with a A$0.15 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 company involved in the lithium industry, focusing on the development of lithium projects. Their primary product is lithium, which is crucial for electric vehicle battery production. The company is strategically positioned in the United States to meet the increasing demand for domestically sourced EV battery materials.
YTD Price Performance: -34.29%
Average Trading Volume: 1,225,761
Technical Sentiment Signal: Sell
Current Market Cap: A$63.79M
For a thorough assessment of ASN stock, go to TipRanks’ Stock Analysis page.