Name of the Project
Green River lithium project direct lithium extraction demonstration facility.

Location
Paradox basin, Utah, in the US.

Project Owner/s
Anson Resources, through its wholly owned subsidiary Blackstone Minerals. The demonstration facility will be developed with POSCO Holdings, which will lead the design, construction, operation and maintenance of its proprietary direct lithium extraction (DLE) demonstration plant at its own cost.

Project Description
The project entails the development of a noncommercial DLE demonstration facility at the Green River lithium project to validate POSCO Holdings’ proprietary DLE technology on brines from Green River at continuous industrial scale.  

The demonstration facility is intended to support the broader development of the Green River project, which Anson is advancing as a DLE-based operation designed to produce 10 000 t/y of lithium carbonate.

Potential Job Creation
Potential job creation for the demonstration facility has not been stated in the sources reviewed.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated. POSCO will bear the cost of the design, construction, operation and maintenance of the demonstration plant. POSCO will also pay Anson a facilitation fee of about A$7.2-million, or $5.2-million.

Planned Start/End Date
The definitive agreement is expected to be signed before the end of the second quarter of 2026. POSCO is expected to start operating the demonstration plant in 2027 and complete the work in 2028. The term of the agreement runs until December 2028.

Latest Developments
The boards of Anson Resources and POSCO Holdings have approved the terms for a binding agreement for the development of the DLE demonstration plant at Green River. 

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Anson Resources, tel +61 7 3132 7990 or email info@AnsonResources.com.