Anson Resources (ASX:ASN) and Posco Holdings advanced their collaboration to develop a direct lithium extraction demonstration plant at Anson's Green River lithium project in Utah, according to a Tuesday Australian bourse filing.
Posco said that completion of the due diligence and internal approval process for the planned demonstration plant investment is now expected in the first quarter of 2026. Multiple Posco engineering teams conducted site visits to Green River, undertaking technical assessments, as well as reviewing site and local infrastructure, brine supply, and development pathways.
Anson is advancing site preparations and engaging with local suppliers, per the filing. The schedule to break ground remains on track.
Anson's shares fell 3% in recent trading on Tuesday.
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