Anson Resources Executes Demonstration Plant Agreement With Posco; Shares Jump 6%

MT Newswires Live06-11

Anson Resources (ASX:ASN) executed a definitive demonstration plant agreement with South Korea-based and New York Stock Exchange-listed Posco Holdings relating to the construction and operation of a direct lithium extraction (DLE) demonstration facility at the Green River lithium project in Utah, according to a Thursday Australian bourse filing.

Under the agreement, POSCO will operate its own non-commercial DLE demonstration plant designed to validate lithium extraction at continuous industrial scale. POSCO committed to setting up its DLE plant to extract lithium from brines produced from the Bosydaba #1 well owned by Anson at the Green River project.

POSCO is expected to start operation of the demonstration plant in 2027.

Anson will provide access to property, infrastructure, and brine supply, and POSCO will pay Anson a facilitation fee of around AU$7.2 million.

Anson Resources' shares rose past 6% in recent trading on Thursday.

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