Anson and POSCO Sign Binding Agreement for DLE Demo Plant
Key points
- Binding Demonstration Plant Agreement executed with POSCO Holdings.
- POSCO to lead the project at its own expense.
- POSCO to pay ~AUD $7.2 million facilitation fee to Anson.
- Demonstration plant designed to validate commercialization of POSCO's DLE technology.
Full summary
Anson Resources Limited (ASX: ASN) has executed a definitive Demonstration Plant Agreement with POSCO Holdings Inc. (KRX: 005490, NYSE: PKX) for a Direct Lithium Extraction (DLE) demonstration facility at the Green River Lithium Project in Utah, USA. POSCO will be responsible for the design, construction, operation, and maintenance of the facility, while Anson will provide access to property, infrastructure, and brine supply. POSCO will pay Anson a facilitation fee of AUD $7.2 million (USD $5.2 million). The demonstration plant is expected to operate from 2027 to 2028, with the goal of validating POSCO's proprietary DLE technology. The agreement also outlines potential future business cooperation opportunities between the two companies.
Guidance
POSCO to pay Anson a facilitation fee of AUD $7.2 million (USD $5.2 million).
Outlook
POSCO expects to commence operation of the demonstration plant in 2027 and complete the work in 2028.
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