Anson Resources Secures Scaled Royalty for Utah Lithium Project

Anson Resources ( (AU:ASN) ) has shared an announcement.

Anson Resources has successfully negotiated a revised royalty structure for its Green River Lithium Project in Utah, reducing the flat 5% royalty to a scaled rate ranging from 1% to 5% based on market prices. This change, approved by the Utah Schools and Institutional Trust Lands Administration, is the first of its kind in the USA and aims to support the development of the lithium industry in Utah by providing cost protection during low market prices. The new royalty structure is expected to enhance Anson’s operational margins and attract investor interest, positioning Utah as a favorable jurisdiction for lithium mining.

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 Limited is a company involved in the lithium industry, focusing on the development of lithium-rich brine projects. The company is actively engaged in advancing lithium extraction and production, with a particular focus on projects in Utah, USA.

YTD Price Performance: -21.43%

Average Trading Volume: 1,157,180

Technical Sentiment Signal: Sell

Current Market Cap: A$76.27M

For a thorough assessment of ASN stock, go to TipRanks’ Stock Analysis page.