Strategic Offtake and Financing MoU with Wogen and Xcelsior

Key points

• Anson Resources signs MoU with Wogen and Xcelsior for lithium offtake
• Potential supply of 2,000 to 6,000 tonnes/year of lithium carbonate
• Initial offtake term is five years, extendable with mutual agreement
• Xcelsior may evaluate financing or investment for Green River Project

Full summary

Anson Resources Limited (ASX: ASN) has entered into a non-binding Memorandum of Understanding (MoU) with Wogen Resources America LLC and Xcelsior Capital Advisors Limited. The MoU outlines a framework for evaluating a potential long-term offtake arrangement for lithium carbonate from Anson's Green River Lithium Project in Utah, USA. The proposed initial offtake term is five years, with the potential for increased volumes and an extension by mutual agreement. Xcelsior, in partnership with Wogen, may also evaluate potential investment or financing support for the Green River Lithium Project.