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Anson Resources ( (AU:ASN) ) has issued an update.
In the December 2025 quarter, Anson Resources advanced its Green River Lithium Project in Utah by securing U.S. federal and state approvals for a revised drilling program at the Mt Fuel–Skyline Geyser Well after encountering unlogged downhole obstructions, and commenced sidetrack drilling using a whipstock to tap both the Paradox Formation and Leadville units for brine sampling and potential JORC resource expansion. The company strengthened its commercial position with a definitive offtake agreement for 300 dry metric tonnes of high-purity lithium chloride from its Paradox Basin project, progressed its cooperation with POSCO on a direct lithium extraction demonstration plant, signed an MoU with Utah State University to develop a local lithium workforce, and continued technical work on its Yellow Cat vanadium/uranium and Ajana base metals projects; corporately, it completed a A$14 million placement, listed attaching options, maintained a cash balance of A$14.1 million, and delivered notable reductions in payroll and administrative costs while focusing resources on Green River’s development.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.07 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 Limited is an Australian diversified minerals development company focused on demand-driven commodities, with core lithium assets in the Paradox Basin in Utah, USA. Through its wholly owned U.S. subsidiaries, A1 Lithium and Blackstone Minerals NV LLC, the company aims to develop one of the largest lithium resources in North America, while also advancing vanadium–uranium projects in Utah and zinc-lead-silver and precious metals projects at Ajana in Western Australia.
Average Trading Volume: 6,670,031
Technical Sentiment Signal: Sell
Current Market Cap: A$115M
Find detailed analytics on ASN stock on TipRanks’ Stock Analysis page.