AUS
NZ
UK
CA
USA
IND
_06_16_2026_04_54_27_535266.jpg)
Anson Resources Ltd (ASX:ASN) has initiated a share placement plan (SPP) aimed at raising $2 million, following a successful commitment to secure $5 million through a placement with institutional and sophisticated stakeholders. This development underscores the company’s strategic efforts to accelerate the progress of the Green River Lithium Project located in south-eastern Utah, USA.
The funds raised from this initiative will primarily focus on project optimization and engineering tasks at the Green River Lithium Project. Key activities include the production of bulk samples of battery-grade lithium carbonate from the demonstration plant, which is essential for qualification by potential offtakers, as well as additional resource drilling. The Green River Project is projected to facilitate low-cost battery-grade lithium production that remains viable even amid the current depressed market conditions for lithium.
Significant infrastructure advantages accompany the project, which is currently in an advanced stage of permitting. Ongoing pilot test work, conducted by Koch Technology Solutions, supports efforts to optimize processing methods. The strategic positioning of the Green River Project is aimed at capitalizing on the increasing demand for domestically produced lithium, particularly as industries pivot toward “US Made” materials.
In addition to the Green River initiative, a portion of the raised funds will also support exploration efforts at the Yellow Cat Uranium Project in the USA and critical minerals exploration activities in Australia. This diversification highlights Anson’s commitment to enhancing its resource base across various sectors, thereby solidifying its market presence.
Anson’s executive chairman, Bruce Richardson, expressed enthusiasm regarding the positive reception of the placement, emphasizing the growing interest in the lithium market. Richardson remarked on the heightened appetite for the company’s development strategy at the Green River Project, noting the appeal of “US Made” lithium in today’s market landscape. The ongoing support from new stakeholders reinforces the significant advancements already achieved in the project’s development.
Regarding the SPP, it will be open to all shareholders who were registered as of 5:00 PM (AWST) on the record date of September 19, provided their registered addresses are located in Australia or New Zealand. The SPP aims to raise an additional $2 million, although the company retains flexibility to accept applications beyond this target or to scale back the number of shares issued under the plan.
Eligible shareholders will have the opportunity to acquire shares valued at up to $30,000 each, although any oversubscriptions may result in a proportional scale back. The SPP will be priced at the same issue rate as the recent placement, set at $0.08 per share, ensuring that existing shareholders can partake in the company’s forward momentum at a consistent valuation.
Overall, Anson Resources’ dual approach of leveraging both a placement and an SPP illustrates a proactive strategy to secure capital for key projects. The company’s focus on lithium production in the context of evolving market demands positions it favorably within the rapidly growing sector of sustainable resources. With a robust pipeline of projects and strong backing from stakeholders, Anson is poised for continued advancement in the lithium and critical minerals landscape.
