Anson Resources secures US$357.7M Utah lithium incentive package
- Anson Resources received a formal letter outlining US$357.7 million in proposed Utah state and local economic incentives.
- The package includes US$229.9 million in local property-tax revenue allocations.
- Proposed subsidies aim to support project infrastructure, workforce training, and long-term lithium supply chain development.
Anson Resources (ASX:ASN) has secured a formal letter of advice from the Economic Development Corporation of Utah for a proposed US$357.7 million incentive package to support its Green River Lithium Project.
The initial proposal highlights strong institutional backing for the United States' critical minerals supply chain, following earlier local resource expansions in Utah.
“The letter confirms strong support for the Project from EDC Utah and other Utah partners and recognises the significant contribution the Green River Lithium Project could make to domestic United States production of critical minerals,” said Anson Resources Limited.
The proposed support includes US$229.9 million in property-tax allocations over 25 years and a 40–50% workforce-training cost subsidy.
Final determinations on the proposed incentives are expected in September, with approved amounts set to be assessed for inclusion in the project's definitive feasibility study.
Following the announcement, the Anson Resources share price was unchanged at $0.048.
Anson Resources is an exploration and development company focused on producing battery-grade lithium carbonate from brine operations in the Paradox Basin.
The company is advancing both the Green River and Paradox projects to establish low-cost critical mineral production facilities for the North American electric vehicle market.
