Anson Resources (ASX:ASN) receives us$330m letter of interest from us exim bank

Anson Resources Limited (ASX:ASN) has received a non-binding Letter of Interest (Lol) from the Export-Import Bank of the United States (US EXIM) for up to US$330M in long term debt financing. The funding is intended for the construction of a lithium production plant in Utah, USA, as part of the 'Make More in America' Initiative.

Anson Resources' Executive Chairman and CEO comments on the us exim bank's letter of interest

We are delighted to receive this Letter of Interest from US EXIM following extensive collaboration with multiple government and industry stakeholders in the United States. This Lol reflects our continued strong development, permitting progress and community engagement efforts in the United States and Southern Utah in particular. The United States seeks to develop a domestic and reliable source of critical minerals and the Paradox Basin, which we believe is the largest source of lithium in the United States, has a significant role to play. Our DLE technology will produce one of the most environmentally friendly sources of lithium globally. This will support the development of the new energy economy, from electric vehicles to drones and defence.

Anson Resources' us exim bank's letter of interest and future outlook

Anson Resources (ASX:ASN) has received a non-binding Letter of Interest (Lol) from the US EXIM Bank for up to US$330M in long term debt financing for the construction of a lithium production plant in Utah, USA. The company views this as an important step in advancing its project financing plan for the development of its world-class Paradox Basin projects. The debt financing is subject to the satisfactory completion of due diligence, the negotiation and settlement of final terms, and the negotiation of definitive documentation. Anson Resources aims to create long-term shareholder value through the discovery, acquisition, and development of natural resources that meet the demand of tomorrow's new energy and technology markets.