Advanced
Trident owns a 2.50% NSR royalty over all of Anson Resources Ltd.’s Paradox Basin projects in the Southwestern USA. Trident is also entitled to 2.00% of net proceeds from the sale by Anson of any projects in the Paradox Basin (with the Royalty terminating at that point).
Anson Resources’ projects in the Paradox Basin include the Paradox Lithium Project covering 167km2 and the Green River Lithium Project covering 106km2. The projects are located 40 miles apart and both will use direct lithium extraction to extract lithium from lithium rich brines using historic oil and gas wells.
May 2024
Anson Resources executed an offtake for its Paradox Lithium Project with LG Energy Solutions. LG has agreed to purchase 4,000dmt per year of battery-grade lithium carbonate.
April 2024
Anson Resources successfully sampled supersaturated brines from its Green River Lithium Project. Bulk samples were collected, which will be used for continued process testing and metallurgical test work.
Anson Resources also produced its first lithium carbonate product at its Green River Sample Demonstration Plant.
November 2023
Anson Resources has commenced construction of the sample demonstration plant at its Green River Lithium Project. Lithium carbonate will be produced using direct lithium extraction technology and will produce samples for OEM qualification test work.
The demonstration plant will showcase all the processing steps required to produce battery grade lithium carbonate at an initial production capacity of 500 kilograms per year.
August 2023
Anson Resources has received approval from the State of Utah for a small source air emission exemption for its proposed direct lithium extraction processing plant at the Paradox Lithium Project. This is a key project approval which means the Paradox Project will not require any additional air quality permits from the Federal Environmental Protection Agency.
September 2022
Anson Resource released a Definitive Feasibility Study for the Paradox Lithium Project outlining a Phase 1 operation, producing an initial 13,074tpy of lithium carbonate for the first 10 years of a 23-year operation. The project shows compelling economics with pre-tax NPV@7% of US$1,306M (Phase 1 only) and generating strong margins, with post-commissioning payback period of 2 years and pre-tax IRR of 47%. Capital expenditures are estimated to be US$495M.
| Location | USA |
|---|---|
| Operator | Anson Resources Ltd |
| Commodity | Lithium |
| Mining Type | Brine |
| Stage | Advanced |
| Measured & Indicated | 562Mt @ 125ppm Li |
|---|---|
| Inferred | 1,954Mt @ 111ppm Li |
| Total | 2,516Mt @ 111ppm Li |
Source: Capital IQ