Replacement Announcement - $212 mill Additional Tax Credit

Key points

• Utah Governor's Office approves $212 million tax credit for Green River Lithium Project
• Credit based on projected $425 million in Utah State taxes over 20 years
• Part of the Rural Economic Development Tax Increment Financing (REDTIF) program

Full summary

Anson Resources Limited (ASX: ASN) announced that the Governor's Office of Economic Development (GOED) Board has approved a post-performance tax credit of approximately $212 million for its Green River Lithium Project in Utah. This credit is part of the Rural Economic Development Tax Increment Financing (REDTIF) program, which offers a refundable tax credit rebate to encourage business development in smaller communities. The tax credit is based on the projected incremental taxes the State of Utah expects to receive over 20 years, totaling approximately $425 million. This approval follows a previous tax rebate from the Utah Inland Port Authority (UIPA), bringing the total tax rebates to US$406,514,271 (A$569,119,979). Anson is continuing discussions with GOED about additional incentive programs.

Guidance

Approximately $212 million tax credit based on projected $425 million Utah State taxes over 20 years

Outlook

Anson is continuing discussions with GOED about additional incentive programs that may impact financial returns.