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12 stories mentioning ASX:ASNUpdated 6d ago

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Asia

Anson Resources Applies for Mineral Rights at Green River Lithium Project in US; Shares Hit 5.5-Year Low

Anson Resources (ASX:ASN) said its unit Blackstone Minerals has submitted an application to acquire mineral rights from the Utah Division of Forest, Fire and State Lands at its Green River Lithium Project in the US, according to a Monday Australian bourse filing.The company said the new tenure covers a total area of 4.76 square kilometers of highly prospective lithium-rich brines, representing a 5.4% increase in the project area and joining the east and west claim areas, with the blocks being considered for inclusion in a future JORC resource update.The Utah Division of Forest, Fire and State Lands has recently developed new policies to accommodate the allocation of the mineral rights applied for by Anson, with the company expecting to receive the first approval from the division, the filing.The company's shares fell almost 5% in recent Monday trade and earlier hit their lowest since December 2020.

ASX:ASN
Asia

Anson Resources Receives First Tranche Payment of $2.7 Million From POSCO Holdings, Shares Up 5%

Anson Resources (ASX:ASN) received $2.7 million from POSCO Holdings as a facilitation fee under a binding direct lithium extraction (DLE) demonstration plant agreement relating to the construction and operation of a DLE demonstration facility at its Green River lithium project in the US, according to a Wednesday Australian bourse filing.The company said the total facilitation fee under the agreement is $5.2 million, with funds to be used to advance the development of the Green River lithium project, including the definitive feasibility study (DFS) expected to be completed in January 2027, the filing added.The company's shares rose 5% in recent Wednesday trade.

ASX:ASN
Asia

Anson Resources Applies for 17 Additional Blocks Abutting Utah Lithium Project

Anson Resources (ASX:ASN) applied for an additional 17 Utah School and Institutional Trust Land Administration (SITLA) blocks for a total area of 3,958 acres abutting the Green River lithium project in Utah and its privately owned land parcels, according to a Thursday Australian bourse filing.It applied as one "Other Business Administration" application to the state government. The new tenure represents a potential 18.4% increase in the project's land parcel.Its shares fell 2% in recent trading on Thursday.

ASX:ASN
Asia

Anson Resources Receives Small Scale Mining Operation Approval for US Lithium Project, Shares Up 9%

Anson Resources (ASX:ASN) said its application for a small scale mining operation (SMO) has been approved for its Green River Lithium Project in Utah through its unit Blackstone Minerals, according to a Friday Australian bourse filing.The approval has completed all major permits for the development of the full-scale lithium carbonate production plant, the filing added.The company said the SMO is based solely on land disturbance area and within the city limits, which will become the designated site for the planned production of 10,000 tonnes per year of lithium carbonate.The company's shares rose past 9% in recent Friday trade.

ASX:ASN
Asia

Anson Resources Advances US Lithium Project Definitive Feasibility Study

Anson Resources (ASX:ASN) said the definitive feasibility study for its Green River lithium project in Utah is advancing, with the study expected to be completed by January 2027, according to a Thursday Australian bourse filing.The company said representatives from Sedgman and Baker Hughes, as well as technology and equipment providers, recently met Anson's senior management at its Las Vegas offices to discuss the next stage of the engineering study.The company's shares fell 2% in recent Thursday trade.

ASX:ASN
Asia

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

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.

ASX:ASN
Asia

Anson Resources Completes Pre-Feasibility Study for US Lithium Project, Shares Fall 6%

Anson Resources (ASX:ASN) said it has completed a pre-feasibility study (PFS) for its Green River lithium project in Utah, through its unit Blackstone Minerals, according to a Tuesday Australian bourse filing.The company said the study delivered first-quartile cost positioning with a C1 operating cost estimate of $3,837 per tonne of lithium carbonate equivalent (LCE), with brine reservoir pressure of 4,500 to 5,500 pounds per square inch, providing multiple cost advantages by reducing operating costs.Permitting and approvals are largely complete, with a definitive feasibility study commenced and the project advancing toward a final investment decision, it added.The company's shares fell 6% in recent Tuesday trade.

ASX:ASN
Asia

Anson Resources Board Approves Terms for Construction of Lithium Extraction Facility at Utah Project; Shares Up 23%

Anson Resources (ASX:ASN) and POSCO approved the terms for a definitive demonstration plant agreement for the construction and operation of a direct lithium extraction facility at the Green River project in Utah, according to a Wednesday filing with the Australian bourse.POSCO committed to setting up its plant to extract lithium from brines produced from the Bosydaba #1 well owned by the company, paying a facilitation fee of AU$7.2 million, the filing said.The agreement is anticipated to be signed by the second quarter of the year, with POSCO expected to start plant operation in 2027 and complete the work in 2028, per the filing.Anson Resources shares rose 23% in morning trade on Wednesday.

ASX:ASN
Asia

Anson Resources' US Unit Joins Defense Industrial Base Consortium; Shares Up 4%

Anson Resources (ASX:ASN) said that its US subsidiary, Al Lithium, has been admitted to the US Defense Industrial Base Consortium (DIBC), a Department of War-supported initiative aimed at strengthening collaboration between government and industry on critical minerals and battery supply chain resilience, according to a Monday Australian bourse filing.The company gains enhanced access to US agencies such as the Department of Energy and the Department of War through its DIBC membership, supporting funding and partnership efforts for its Green River lithium project in Utah, per the filing.The company also received positive feedback on its Yellow Cat vanadium-uranium project, earning a "Met" rating that confirms technical feasibility and eligibility for further consideration under US critical minerals programs, with potential access to future funding, the filing added.The company's shares rose 4% in recent Monday trade.

ASX:ASN
Asia

Anson Resources Upgrades Mineral Resource Interpretation for Utah Project by 650%; Shares Down 4%

Anson Resources (ASX:ASN) completed an upgrade to the maiden mineral resource interpretation by 650% on the Mississippian Leadville Limestone at its Green River lithium project in Utah, according to a Monday Australian bourse filing.Indicated resource came in at 183,000 tonnes of lithium carbonate, rocketing 863%, while inferred resource stood at 590,000 tonnes of lithium carbonate, jumping 602%, the filing said.The company added that there was potential to further increase because the Mississippian Unit was not been completely drilled thorough.Anson Resources' shares were down by about 4% in recent Monday trade.

ASX:ASN
Asia

Anson Resources Says Historical Diamond Core Analysis Records Higher Porosity Value at Utah Lithium Project; Shares Down 3%

Anson Resources (ASX:ASN), through its Blackstone Minerals unit, received an average effective porosity value of 8.8% for the Missississippian Unit historical diamond core at a measured interval 9,646 to 9,656 feet at the Floy Unit 1 well from the Green River lithium project in Utah, which is 46% higher than the porosity value of 6% that has been used in the existing resource estimate, according to a Monday Australian bourse filing.The core from the well was obtained from a geological library resource center and was tested in the certified laboratory to accurately determine porosity, specific yield, and permeability, per the filing. Previous porosity was determined by modeling.Anson Resources' shares fell 3% in recent trading on Monday.

ASX:ASN
Asia

Anson Resources Reports 148 Parts Per Million Lithium Assay at Utah Drilling Program

Anson Resources (ASX:ASN) said it has received a value of 148 parts per million (ppm) lithium from drilling fluid at the Mississippian horizon at 9,189 feet in the re-entry drilling program of the Mt Fuel-Skyline Geyser 1-25 well in Utah, according to a Monday Australian bourse filing.The company said samples of heavy drilling fluid were collected from the Mississippian Units, Leadville Formation, between 9,189 feet and 9,239 feet, with the Mississippian Mt Fuel Skyline Geyser estimated to be 650 feet to 660 feet thick according to a 3D model.The company added that the assay results and other data will support an increase in the JORC resource estimate and have been sent to a third party for consideration for inclusion in a revised resource estimate.The company's shares fell 2% in recent Monday trade.

ASX:ASN

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