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Anson Resources ( (AU:ASN) ) just unveiled an announcement.
A1 Lithium, the U.S. arm of Anson Resources, is advancing its flagship Green River Lithium Project in the Paradox Basin of Utah, a region considered a potentially major, low-impurity lithium brine resource. The project benefits from privately owned brownfield land, existing infrastructure and utilities, and backing from major battery industry partners including LG Energy Solution and POSCO.
The Green River Project is described as an advanced development-stage, largely permitted lithium carbonate operation targeting a near-term 100 tonnes per annum demonstration plant, followed by a 10,000 tonnes per annum commercial facility. A pre-feasibility study indicates the project sits in the lowest quartile for operating and capital costs, positioning Anson as a potential low-cost domestic lithium supplier in the U.S. market.
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, through its wholly owned U.S. subsidiary A1 Lithium, is developing lithium brine projects in the Paradox Basin in Utah. The company targets battery-grade lithium carbonate production from what is described as one of the largest and lowest-impurity brine reservoirs in the U.S., aiming to supply the growing electric vehicle and energy storage markets.
Average Trading Volume: 4,823,848
Technical Sentiment Signal: Sell
Current Market Cap: A$95.55M
See more data about ASN stock on TipRanks’ Stock Analysis page.