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Anson Resources
(OTC:ASN)
Anson Resources (ASN) vs. iShares MSCI Australia ETF (EWA)
Anson Resources Business Overview & Revenue Model
Anson Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -331.03K | -652.50K | -652.26K | -286.07K | -127.64K | -111.95K |
| EBITDA | -3.23M | -7.69M | -9.06M | -11.88M | -3.21M | -4.13M |
| Net Income | -3.65M | -8.50M | -9.84M | -12.43M | -3.55M | -4.52M |
Balance Sheet | ||||||
| Total Assets | 52.66M | 52.66M | 54.60M | 59.73M | 16.30M | 6.09M |
| Cash, Cash Equivalents and Short-Term Investments | 2.45M | 2.45M | 8.22M | 38.65M | 5.73M | 2.23M |
| Total Debt | 1.25M | 1.25M | 1.43M | 1.48M | 1.19M | 762.31K |
| Total Liabilities | 3.71M | 3.71M | 4.94M | 3.24M | 5.56M | 3.23M |
| Stockholders Equity | 48.95M | 48.95M | 49.66M | 56.50M | 10.74M | 2.85M |
Cash Flow | ||||||
| Free Cash Flow | -4.33M | -8.45M | -30.68M | -15.98M | -7.44M | -4.01M |
| Operating Cash Flow | -4.02M | -8.15M | -7.02M | -9.62M | -1.22M | -2.79M |
| Investing Cash Flow | -4.02M | -4.02M | -22.96M | -6.36M | -6.21M | -1.12M |
| Financing Cash Flow | 6.38M | 6.38M | -450.97K | 48.93M | 10.91M | 5.59M |
Anson Resources Technical Analysis
Anson Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$408.54M | -28.46 | -5.18% | ― | ― | 47.15% | |
52 Neutral | AU$215.05M | -21.43 | -20.60% | ― | ― | 7.28% | |
46 Neutral | AU$403.46M | -5.41 | -111.27% | ― | ― | 66.10% | |
44 Neutral | AU$121.46M | -12.42 | -16.92% | ― | ― | 19.48% | |
43 Neutral | AU$305.83M | -11.50 | -12.73% | ― | ― | 67.90% | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% |
Anson Resources Corporate Events
Anson Resources has issued 1,000,000 ordinary shares for nil consideration as an incentive to employees and has confirmed the issue was made without a prospectus under the relevant provisions of the Corporations Act. The company stated it remains compliant with its continuous disclosure and financial reporting obligations, has no excluded information requiring disclosure, and has lodged the required Appendix 2A, indicating the share issue is a routine capital management and employee incentive measure rather than a signal of undisclosed material changes.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has notified the market that it has issued 7.3 million unquoted performance rights under its employee incentive scheme. The new securities, which are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, represent a further use of equity-based remuneration to align staff and management incentives with shareholder outcomes.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares issued to employees. The share issuance represents an employee-related allocation and, once quoted, will modestly expand the company’s listed share capital while further aligning staff interests with those of shareholders.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has disclosed the distribution of holdings for its ASNOWK25 listed options, which are exercisable at $0.12 and expire on 30 December 2028. The report shows that as at 2 January 2026 there were 105 option holders collectively owning 112.5 million options, with more than 98% of these securities concentrated among 63 investors each holding over 100,000 options, indicating a highly concentrated ownership structure that may influence liquidity and control dynamics in the company’s derivative securities.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has released an updated top holders report for its ASNOWK25 options, exercisable at $0.12 and expiring on 30 December 2028, showing that the top 20 holders collectively control 89.96% of the 112.5 million options on issue. The register is dominated by several large nominee and investment entities, with CG Nominees (Australia), Palisades Investments and Citicorp Nominees together accounting for more than half of the outstanding options, underscoring a highly concentrated ownership structure that may influence future liquidity, trading dynamics and strategic capital management outcomes for the company and its stakeholders.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has applied for quotation on the ASX of 112,500,019 options (ASX code: ASNO) expiring on 30 December 2028. The options, issued as part of previously announced transactions, expand the company’s listed securities base and may provide additional future capital inflow when exercised, altering the capital structure and potentially affecting existing shareholders’ dilution and the company’s financial flexibility.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources Limited has lodged a notice with the ASX for a proposed issue of new options as part of a placement or similar capital-raising structure. The company plans to issue a new class of options, exercisable at $0.12 and expiring on 30 December 2028, with a proposed issue date of 31 December 2025, in a move that will expand its securities on issue and potentially provide additional funding flexibility for future activities, subject to ASX processes and quotation approvals.
The most recent analyst rating on (AU:ASN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Anson Resources stock, see the AU:ASN Stock Forecast page.
Anson Resources has reported the results of its Extraordinary General Meeting, where shareholders voted on several capital-related resolutions by poll. All three resolutions, including the approval of free attaching placement options to placement participants, ratification of the prior issue of placement shares, and the issue of lead manager options, were carried with strong majority support. The approvals secure shareholder backing for Anson’s recent and planned capital-raising and incentive structures, underpinning funding and support for the continued development of its lithium projects in the United States.
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.
Anson Resources has disclosed a change in director Tim Murray’s relevant interests in the company’s securities, confirming the indirect allocation of 800,000 additional performance rights through Plantaria Pty Ltd following shareholder approval at the annual general meeting. The issue increases Murray’s total holding to 3.9 million performance rights (along with existing shares and options), signaling a further alignment of director incentives with shareholder outcomes, though no cash consideration was involved and no trades occurred during a closed period.
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.
Anson Resources has disclosed a change in director Gregory Knox’s relevant interests in the company’s securities, following the issue of 800,000 additional performance rights to him via his indirect holding entity, Knox Superfund Pty Ltd. The issue, which occurred at no cash consideration after receiving shareholder approval at the annual general meeting, increases Knox’s indirect performance shareholding to 2.8 million performance shares while leaving his direct share and option holdings unchanged, signalling continued alignment of the director’s incentives with the company’s long-term performance.
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.
Anson Resources has disclosed a change in Managing Director Bruce Richardson’s holdings, following the issue of 2,000,000 performance rights approved by shareholders at the company’s annual general meeting on 23 December 2025. The award, made at nil consideration and increasing Richardson’s total performance rights to 13.4 million while leaving his ordinary shareholding unchanged, underscores the company’s continued use of equity-based incentives to align executive interests with long-term shareholder value and project execution, without involving any on-market trading during a closed period.
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.
Anson Resources has notified the market of the issue of 3.6 million unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX while subject to transfer restrictions, represent an equity-based award structure aimed at incentivising staff and aligning management remuneration with long-term company performance and shareholder value.
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.
Anson Resources has disclosed a change in director Tim Murray’s relevant interests, with Murray acquiring 80,000 ordinary shares in the company via an on-market purchase at a cost of $5,120 through his indirect holding entity, Plantaria Pty Ltd. Following the transaction, Murray’s indirect shareholding increased to 710,823 ordinary shares, while his direct holding and existing unlisted options and performance rights remain unchanged, signalling a modest increase in his equity exposure and aligning his interests further with shareholders.
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.
Anson Resources Limited has released an options prospectus dated 19 December 2025 outlining offers of up to 87.5 million free options to investors participating in a recent placement, on the basis of one option for every two placement shares, along with a separate issue of 25 million free options to its lead manager, all subject to shareholder approval at an upcoming extraordinary general meeting. The offers, which are not underwritten and not open to the general public, will not generate immediate funds for the company because no application monies are payable; instead, any capital raised will come only if the options are exercised in future, underscoring both the speculative nature of the securities and the company’s use of option incentives to support capital-raising and market engagement within a tightly regulated disclosure framework.
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.
Anson Resources has issued a clarification regarding its 2025 AGM presentation after discussions with the ASX, adding more detailed information on exploration targets and mineral resource category breakdowns for its Green River exploration target and its Paradox and Green River mineral resources to ensure compliance with ASX Listing Rules and the JORC Code. The company has also retracted prior references to a mine life of more than 20 years, an estimated 56 billion tonnes of brine in certain geological units, and a historic uranium and vanadium resource statement, advising investors not to rely on these withdrawn figures, which underscores heightened regulatory scrutiny around disclosure and may prompt stakeholders to reassess earlier expectations about the scale and duration of Anson’s projects.
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.
Anson Resources has received approvals from the US Department of Interior and the Utah Department of Natural Resources for a revised drilling program at the Mt Fuel-Skyline Geyser Well, part of its Green River Lithium Project. The original re-entry program was abandoned due to significant blockages in the well, leading to the development of a new drilling strategy that involves sidetracking the existing wellbore. This revised approach will allow Anson to collect brine samples and additional data to potentially strengthen its JORC resource, enhancing its operational capabilities and positioning in the lithium exploration industry.
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.
Anson Resources Limited has announced an extraordinary general meeting scheduled for December 29, 2025, to be held in Brisbane, Australia. Shareholders are encouraged to participate by submitting proxy votes in advance and can access the notice of the meeting electronically through the company’s website. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s strategic decisions and future directions.
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.
Anson Resources Limited has announced a proposed issue of 25 million new securities, with options exercisable at $0.12 and expiring three years from the date of issue. This move is part of a strategic placement or other type of issue, potentially impacting the company’s capital structure and providing it with additional funds to support its operations and growth initiatives.
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.
Anson Resources has raised $14 million by issuing 175 million ordinary shares at $0.08 each. This capital raising, conducted without disclosure under Part 6D.2 of the Corporations Act, supports the company’s strategic focus on developing its lithium projects, potentially enhancing its market positioning in the energy and technology sectors.
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.
Anson Resources Limited has announced the issuance of 175,000,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of November 28, 2025. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially strengthening its market position and offering new opportunities for growth and investment.
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.
Anson Resources announced the results of its Annual General Meeting, where several resolutions were voted upon. Key outcomes included the approval of the appointment of Mr. Gregory Knox as a Director and the approval of a 10% Placement Facility, both of which were carried. Additionally, several resolutions regarding the issuance of performance rights and the extension of Employee Share Plan loans were also carried, reflecting shareholder support for the company’s strategic direction.
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.
Anson Resources Ltd has announced a change in its substantial shareholders, as Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders as of November 24, 2025. This change in shareholding reflects a shift in the voting securities of the company, with Citibank, N.A. Sydney Branch and Citigroup Global Markets Australia Pty Limited increasing their relevant interests, while Citigroup Global Markets Limited has decreased its interest. This development may impact Anson Resources’ market dynamics and stakeholder relationships.
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.
Anson Resources has provided an update on its Paradox Lithium Project, highlighting the ongoing evolution of its Definitive Feasibility Study (DFS) and the stability of its financial forecasts and resource estimates. The announcement underscores the company’s commitment to advancing its lithium exploration efforts, which could enhance its market position and benefit stakeholders by tapping into the increasing demand for lithium.
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.
Anson Resources Limited has announced a proposed issue of securities, including 87,500,000 options exercisable at $0.12 and 175,000,000 ordinary fully paid shares. This move is part of a strategic effort to raise capital, potentially enhancing the company’s financial position and supporting its ongoing projects in the mineral resources sector.
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.
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.
Anson Resources has released an Enhanced Annual Report for the financial year ending June 30, 2025, following a review and consultation with the ASX. The report includes additional details to improve transparency and usability, such as comparisons of mineral resources, governance arrangements, and mineral resource statements for key projects. These enhancements reflect Anson’s commitment to transparency, robust governance, and regulatory compliance, aiming to reinforce investor confidence and ensure long-term stability.
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.
Anson Resources has requested a trading halt on its securities pending an announcement about a capital raising. This move is to ensure the market remains informed, with trading expected to resume by 21 November 2025 or upon the announcement’s release. The halt reflects the company’s strategic efforts to secure funding for its ongoing projects, potentially impacting its operational capabilities and market positioning.
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.
Anson Resources has announced a significant milestone with the signing of a Definitive Offtake Agreement with LG Energy Solution for up to 4,000 dry metric tonnes of battery-grade lithium carbonate annually from its Green River Lithium Project in Utah. This agreement represents 40% of the project’s planned start-up production capacity and is crucial for securing debt funding at the Final Investment Decision stage. The company is also advancing its Green River Project with infrastructure improvements and exploration activities, including a re-entry drill program and test work on historic core samples. Additionally, Anson has expanded its land holdings and completed a $5 million share placement to support project development.
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.
Anson Resources Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, in Brisbane. The company is transitioning to electronic communications for meeting notices, encouraging shareholders to submit proxy forms and questions electronically to facilitate participation and streamline operations.
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.
Anson Resources Limited has announced its Annual General Meeting, scheduled for November 26, 2025, at Talbot Sayer Lawyers in Brisbane. Shareholders can vote in person or by proxy, with the option to submit questions in advance. A live webcast will be available, although it will not allow for voting or interaction. The company encourages shareholders to monitor its ASX announcements and website for updates regarding the meeting arrangements.
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.
Anson Resources has initiated a re-entry drilling program at the Mt Fuel-Skyline Geyser Well, part of its Green River Lithium Project in Utah. This program aims to increase the JORC resource estimates by converting exploration targets into indicated and inferred resources, with sampling expected to reach depths of 9,800 feet. The initiative is set to confirm the presence of lithium-rich brines, enhancing the project’s resource base and potentially strengthening Anson’s position in the lithium 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.
Anson Resources’ US subsidiary, A1 Lithium Inc., has signed a Memorandum of Understanding with Utah State University to develop a workforce training program for the lithium production industry in Utah. This collaboration aims to address the technical skills shortage in the region, preparing students for roles in the proposed 10,000tpa lithium plant, and is expected to strengthen Utah’s position in the US lithium industry while providing community and economic benefits.
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.