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Highlights
Anson Resources signs MoU with POSCO for Green River demonstration plant
Project aims to validate new lithium extraction process at commercial scale
Green River to support EV battery supply chain from a strategic US location
The lithium sector continues to draw cross-border collaboration, as Anson Resources Ltd (ASX:ASN), listed on the ASX 300, has formalised a non-binding memorandum of understanding with South Korea’s POSCO (KRX:005490) to evaluate the development of a demonstration plant at the Green River Lithium Project in Utah’s Paradox Basin.
The initiative aligns with growing strategic demand for lithium supply chains within the United States, aimed at meeting surging needs from the electric vehicle battery segment.
Green River Project Positioned as a Key EV Material Source
Owned by Anson’s subsidiary Blackstone Minerals, the Green River project is strategically located to supply US-based manufacturers with lithium-rich materials. The proposed demonstration plant is expected to operate continuously to simulate the operations of a future commercial facility, providing product quantities relevant to downstream processing and end users.
The Green River project aligns with wider US supply chain strategies for critical minerals and supports long-term ambitions for regional self-reliance in energy transition technologies.
POSCO’s Global Lithium Strategy and Technological Strength
POSCO, one of South Korea’s major industrial entities, has engaged in multi-year research and development on lithium extraction from brine and geothermal sources. With ongoing investments in Argentina and South Korea, the group’s lithium production is underpinned by experience in chemical distribution, technology-driven extraction methods, and diversified asset portfolios.
The company is advancing proprietary Direct Lithium Extraction (DLE) technologies, designed to enable efficient and lower-emission lithium production at scale. Its role in the Green River collaboration centres on evaluating technical feasibility and commercial scalability.
Next Steps and Strategic Outlook
POSCO’s decision-making timeline on its participation in the Green River demonstration plant extends to the end of next year, subject to due diligence and internal review. Should outcomes align with project feasibility expectations, further avenues for joint project investment may be assessed.
This partnership is structured to leverage each company’s core strengths—Anson’s resource base and operational presence in North America, and POSCO’s industrial scale and technological capability in lithium processing.
ASX Lithium Landscape and Future Developments
As the energy transition gains momentum, ASX-listed lithium producers like Anson Resources are aligning their project pipelines with global battery supply demands. Collaborations such as the Anson-POSCO MoU highlight a trend of increasing international integration across the ASX lithium sector, as firms seek to position themselves in high-demand jurisdictions while advancing extraction technologies.
