Anson Resources (ASN) AI Stock Analysis

• Market Cap: $61.02M
• Dividend Yield: N/A
• Average Volume (3M): 1.39M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: N/A
• EPS Growth: -38.60%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,386,736,600
• 10 Day Avg. Volume: 1,401,691
• 30 Day Avg. Volume: 1,388,258
• PEG Ratio: -0.07
• Price to Book (P/B): 3.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $0.31
• Price Target Upside: 668.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 34 Underperform
• Price Target: ―

The overall stock score for Anson Resources Limited is 33.5, reflecting significant financial challenges with zero revenue, widening net losses, and negative cash flows. Technical indicators suggest weak momentum, and the valuation is concerning due to negative earnings and no dividend yield. These factors highlight high risk and potential liquidity issues, making the stock less attractive for investors at this time.

Positive Factors

Financing opportunities

Anson has access to a A$30M equity placement facility and received a non-binding letter of interest for significant debt financing from the U.S. Export-Import Bank.

Tariff impact

Future tariffs are expected to have a limited impact on Anson's project development costs.

Negative Factors

Capital raising concerns

Anson is expected to raise capital in the second half of CY25, which is likely to be significantly dilutive due to weakness in the stock price.

Project development timeline

Anson faces a longer timeline for developing its lithium brine project, which has led to a downgrade in shares from Buy to Hold.

Regulatory delays

Anson awaits regulatory approval to re-enter a well to improve its mineral resource estimates, which could delay project development.

Anson Resources Business Overview & Revenue Model

Company Description

Anson Resources Limited engages in the acquisition, exploration, and development of mineral resources in the United States and Western Australia. The company offers lithium, bromine, caustic soda, boron, and iodine; and zinc, lead, silver, graphite, nickel-cobalt laterite, vanadium, and uranium deposits. Its flagship property is the Paradox Basin Brine project, which covers an area of 95 square kilometers located in the Utah, the United States of America. The company also holds an interest in the base metal projects comprising The Bull project, which covers an area of 82 square kilometers; Ajana/Mary Springs project that covers an area of 222 square kilometers; and Hooley Well project, which covers an area of 154 square kilometers located in Yilgarn Craton, Western Australia. In addition, it holds an interest in the Yellow Cat project that comprises 85 Lode claim, which covers an area of 708 hectares located in Thompson District, Grand County, Utah. The company was formerly known as Mayan Iron Corporation Limited and changed its name to Anson Resources Limited in January 2016. Anson Resources Limited was incorporated in 2009 and is based in West Perth, Australia.

How the Company Makes Money

Anson Resources Limited primarily generates revenue through the exploration and potential extraction of lithium and other valuable minerals from its mining projects. The company's main revenue stream is expected to come from the sale of lithium products extracted from its Paradox Lithium Project. As the project progresses towards production, Anson Resources may establish significant partnerships with battery manufacturers and other stakeholders in the electric vehicle and renewable energy sectors, enhancing its revenue potential. The company's earnings are influenced by factors such as commodity prices, successful extraction and processing technologies, and the development of strategic partnerships to facilitate market access and sales.

Anson Resources Financial Statement Overview

Summary

Anson Resources Limited faces significant financial challenges, with zero revenue and increasing net losses impacting its income statement. While the balance sheet shows moderate leverage, the declining equity and high reliance on external financing raise concerns about long-term sustainability. The cash flow statement highlights negative free cash flow trends, indicating potential cash management issues.

Income Statement

Anson Resources Limited has consistently reported zero revenue over the past years, indicating a lack of operational sales. The gross profit is negative, and net losses have widened over time, particularly the significant increase in net loss from 2023 to 2024. The company's operating expenses are high relative to its revenue, resulting in negative EBIT and EBITDA margins.

Balance Sheet

The company maintains a relatively low level of debt compared to equity, indicating conservative leverage practices. However, the declining stockholders' equity from 2023 to 2024 reflects ongoing net losses. The equity ratio remains relatively stable, suggesting a sufficient buffer against liabilities, but overall financial stability is impacted by negative profitability.

Cash Flow

Operating and free cash flows are negative, with free cash flow declining significantly from 2023 to 2024. The company is heavily reliant on external financing, as evidenced by negative operating cash flows and high capital expenditures. This points to potential liquidity issues if external funding is not sustained.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	―	-565.92K	-286.07K	-127.64K	-111.95K	-158.02K
EBITDA	―	-9.06M	-11.88M	-3.21M	-4.13M	-3.30M
Net Income	―	-9.84M	-12.43M	-3.55M	-4.52M	-3.60M
Balance Sheet
Total Assets	58.60M	54.60M	59.73M	16.30M	6.09M	4.11M
Cash, Cash Equivalents and Short-Term Investments	7.43M	8.22M	38.65M	5.73M	2.23M	568.25K
Total Debt	1.22M	1.43M	1.48M	3.87M	2.47M	1.35M
Total Liabilities	3.95M	4.94M	3.24M	5.56M	3.23M	2.43M
Stockholders Equity	54.65M	49.66M	56.50M	10.74M	2.85M	1.69M
Cash Flow
Free Cash Flow	-7.64K	-29.99M	-15.98M	-7.44M	-4.01M	-4.52M
Operating Cash Flow	―	-7.02M	-9.62M	-1.22M	-2.79M	-2.92M
Investing Cash Flow	―	-22.96M	-6.36M	-6.21M	-1.12M	-1.46M
Financing Cash Flow	―	-450.97K	48.93M	10.91M	5.59M	3.08M

Anson Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASN, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.59 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ASN.

Anson Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	£2.54B	4.56	-9.97%	4.39%	-2.41%	-7.36%
ASN	34 Underperform	$61.02M	―	-19.34%	―	―	-38.60%
LLKKF		$30.05M	―	-19.25%	―	―	―
EULIF		$46.42M	―	-237.31%	―	―	―
9CH		€50.25M	―	-6.71%	―	―	―
LEL	39 Underperform	AU$41.44M	―	-16.58%	―	―	-131.72%
PSC	36 Underperform	AU$112.09M	―	-26.16%	―	―	-28.93%

Anson Resources Corporate Events

Anson Resources Advances Green River Lithium Project with New Drilling Proposal

Anson Resources has submitted a proposal to re-enter the Mt Fuel-Skyline Geyser well at its Green River Lithium Project in Utah, USA. This move is part of a drilling program aimed at confirming the presence of lithium-rich brines in the area, leveraging historical data that indicated high porosity and permeability in the target reservoirs. The initiative is expected to enhance Anson’s resource base and potentially strengthen its position in the lithium market.

Anson Resources Advances Lithium Projects with Successful Pilot Program and Exploration Approvals

Anson Resources has successfully completed a pilot program at its Green River Lithium Project in Utah, achieving a 98% lithium recovery rate and producing high purity lithium chloride. This development signifies a significant step in advancing the project’s capabilities and market readiness. Additionally, Anson received approval for drilling at its Yellow Cat Vanadium/Uranium Project and is planning further exploration at the Paradox Lithium Project to expand its mineral resource estimates. These activities highlight Anson’s strategic focus on enhancing its resource base and strengthening its position in the minerals market.

Anson Resources Advances Green River Lithium Project with New Drilling Proposal

Anson Resources has submitted a proposal to re-enter the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project in Utah to test for lithium-rich brines. This initiative is part of a broader strategy to confirm the presence of lithium-rich brines in the region, leveraging historical data and previous drilling results. The project targets specific geological formations known for their high porosity and permeability, which could significantly impact Anson’s resource validation efforts and enhance its positioning in the lithium market.

Anson Resources Advances Lithium Processing with New ‘Polishing’ Phase

Anson Resources Limited has commenced the ‘polishing’ phase of its lithium chloride processing at the Green River Lithium Project in Utah. This step is crucial for removing impurities from the lithium chloride eluate produced by the Koch Technology Services Direct Lithium Extraction pilot plant, paving the way for the production of battery-grade lithium carbonate. The company’s Lithium Innovation Center has developed a processing flowsheet for this purpose, which will be implemented at the Green River Sample Demonstration Plant. The initial polished samples are expected to be completed soon, marking a significant step in Anson’s operations and enhancing its position in the lithium market.

Anson Resources Achieves Breakthrough in Lithium Extraction with KOCH Partnership

Anson Resources Limited has announced the successful completion of its Green River DLE Pilot Program in collaboration with KOCH Technology Solutions. The program achieved industry-leading results, including a 98% lithium recovery rate and a high rejection rate of key impurities, leading to the production of high-purity lithium chloride. These results are expected to enhance the company’s operational efficiency and reduce costs in the production of electric vehicle battery-grade lithium carbonate, positioning Anson favorably in the lithium extraction industry.

Anson Resources Achieves Breakthrough in Lithium Extraction Pilot Program

Anson Resources Limited has successfully completed a pilot program with KOCH Technology Solutions at its Green River Lithium Project in Utah, achieving industry-leading results in lithium recovery and purity. The program demonstrated a 98% lithium recovery rate and high impurity rejection, producing lithium chloride with a Li:TDS ratio significantly above target, which is expected to reduce purification costs and enhance the company’s competitive positioning in the lithium market.

Anson Resources Limited Releases Half-Year Financial Report

Anson Resources Limited has released its half-year report for the period ending 31 December 2024. The report provides a comprehensive overview of the company’s financial performance and strategic initiatives. This announcement is significant for stakeholders as it offers insights into Anson’s operational progress and market positioning, potentially impacting investor confidence and future business strategies.