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The latest announcement is out from Anson Resources ( (AU:ASN) ).
Anson Resources has successfully raised A$14 million through a placement supported by both existing and new institutional investors. The funds will be used to advance the Green River Lithium Project, including exploration, engineering studies, and initial drilling at the Yellow Cat Uranium Project in Utah. This capital raise reflects strong investor confidence in Anson’s development strategy and the lithium market, positioning the company to accelerate its project towards production and deliver shareholder returns.
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 Ltd is an ASX-listed mineral resources company focused on developing its core assets, the Green River and Paradox Lithium Projects in Utah, USA. The company aims to create long-term shareholder value by discovering, acquiring, and developing natural resources that cater to the growing demand in new energy and technology markets.
Average Trading Volume: 3,500,314
Technical Sentiment Signal: Buy
Current Market Cap: A$144.4M
Learn more about ASN stock on TipRanks’ Stock Analysis page.