Anson Resources Secures Definitive Offtake Agreement with LG Energy Solution for Paradox Basin Lithium Project.

Anson Resources Limited (ASX: ASN) has signed a Definitive Offtake Agreement with LG Energy Solution, marking a major milestone for its Paradox Basin Lithium Project in Utah. The agreement, executed through Anson’s subsidiary A1 Lithium, will see LG Energy Solution purchase up to 4,000 dry metric tonnes of battery-grade lithium carbonate annually. The initial five-year term, starting in 2028, represents around 40% of the project’s estimated start-up capacity of ~10,000 tpa, with an option for a five-year extension. Pricing will follow a market-based formula referencing global lithium carbonate benchmarks.

LG Energy Solution, a global leader in lithium-ion batteries with extensive operations in North America, provides strong market validation of the project. The agreement also supports Anson’s funding strategy for final investment decisions. By securing a long-term partnership with a major battery manufacturer, Anson is strategically positioned to contribute significantly to the growing US electric vehicle and energy storage markets.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com