Anson Resources Ltd. Finalizes Offtake Agreement with LG Energy Solution for Lithium Supply

Reuters
09/24
<a href="https://laohu8.com/S/ANSNF">Anson Resources</a> Ltd. Finalizes Offtake Agreement with LG Energy Solution for Lithium Supply

Anson Resources Ltd., through its wholly-owned subsidiary A1 Lithium, has signed a Definitive Offtake Agreement with LG Energy Solution for the supply of battery-grade lithium carbonate from Anson's project in the Paradox Basin, Southern Utah. The agreement, subject to customary conditions, is set to begin in 2028 with an initial term of five years and an option to extend for another five years. LG Energy Solution will purchase 4,000 dry metric tonnes per year, which accounts for approximately 40% of the project's initial production capacity of around 10,000 tonnes per annum. Pricing will be determined using a formula-based mechanism linked to market prices. This agreement marks a significant step in meeting the growing demand for lithium in the electric vehicle and energy storage sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anson Resources Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1077416) on September 23, 2025, and is solely responsible for the information contained therein.

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