Anson Resources and Koch Technology Solutions collaboration

Anson Resources Limited (ASX: $ASN) has announced a collaboration with Koch Technology Solutions (KTS) for the commissioning of its Li-Pro process pilot unit for lithium extraction at the Company's Green River Lithium Project in Utah, USA. The pilot will be jointly funded by Anson Resources and an investment from KTS through a convertible note as the companies work to develop a further commercial relationship. The pilot unit is expected to commence production in July 2024 and will process fresh brine under commercial production conditions from Bosydaba#1 well into lithium chloride, potentially used to produce battery-grade lithium carbonate.

Executive commentary on the collaboration

Anson Resources Executive Chairman and Chief Executive Officer Bruce Richardson emphasized the company's focus on fast-tracking the development of the Green River Lithium Project. He highlighted the commitment to accelerating development while enhancing both project returns and environmental credentials through the partnership with KTS. Richardson also mentioned the significance of the recent drilling work at Bosydaba#11, providing the ability to supply fresh brine identical to real operating conditions, which will allow the company to compare the output of the existing direct lithium extraction and the KTS Li-Pro process to achieve the best results for investors. He further expressed the company's focus on several technologies that can provide the best outcome for extraction and downstream purification to electric vehicle grade lithium carbonate, emphasizing the critical focus on ensuring domestic supply and the significant step towards building a commercial-scale battery-grade lithium carbonate plant.

Summary of the collaboration and outlook

Anson Resources has entered into a collaboration with Koch Technology Solutions for the commissioning of a Li-Pro process pilot unit for lithium extraction at the Green River Lithium Project. The pilot unit, jointly funded by Anson Resources and KTS, is expected to commence production in July 2024 and will process fresh brine under commercial production conditions from Bosydaba#1 well into lithium chloride. The collaboration aims to provide detailed feasibility engineering and cost data for the deployment of the full-scale Li-Pro process at the lithium extraction facility. The company's focus on fast-tracking development, comparing different extraction technologies, and ensuring domestic supply underscores its commitment to advancing the Green River Lithium Project. The collaboration represents a significant step towards building a commercial-scale battery-grade lithium carbonate plant, aligning with the company's goal of creating long-term shareholder value through the development of natural resources to meet the demand of tomorrow's new energy and technology markets.