Anson Resources Limited has secured board approval from the Utah Inland Port Authority for a business incentive capped at $193,995,683 to support development at the Green River Lithium Project in Utah through a 50 percent share of projected property tax differentials over 25 years.

The incentive will be provided as a tax rebate contingent upon continued operation following project completion, with financial implications to be assessed in the Green River definitive feasibility study. Alternatively, the arrangement can support bonds for public infrastructure funding, covering utility extensions for power, water and gas alongside rail and road upgrades.

These infrastructure additions are required for the planned 10,000-tonne-per-annum lithium carbonate production plant, which a March 2026 scoping study indicated would require a total capital investment of $569 million. The approved port authority package compares with an earlier Letter of Advice that had estimated the property-tax incentive at approximately US$229.9 million over 25 years.

Anson is advancing multiple funding channels alongside the state support. The company previously secured a binding direct lithium extraction demonstration plant agreement with POSCO Holdings and applied for US$85 million in grants from the U.S. Department of Energy, targeting a final investment decision for Green River in the second half of 2027.

"While this is a complicated structure, the approval of the business incentive to Anson of $193,995,68 is an important step forward in putting the finance stack together for the 10,000tpa lithium carbonate plant at Green River," said Executive Chairman and CEO Bruce Richardson. "We have previously stated that we are working on several finance options structures that limit the dilution of our shareholders. This part of our Company's strategy. We continue to work on pre-production finance stacks as well as options to improve the projected financial returns that also will support debt and strategic investment financing."

— Bruce Richardson, Executive Chairman and CEO

Separate discussions regarding state tax reductions continue with the Governor's Office of Economic Development, with an application expected to be considered at its September 10, 2026 board meeting.

Read the full announcement: ASN Receives $193M Incentive from Utah Inland Port Authority