Anson Resources (ASX:ASN) has executed a non-binding memorandum of understanding with POSCO (KRX:005490) to collaborate on the construction of a demonstration plant at the Green River Lithium Project in the Paradox Basin, southern Utah, US.
South Korean industrial group POSCO is by December 2025 expected to make an investment decision on the demonstration plant at the project through the finalisation of its due diligence and internal review.
The two companies will also explore potential business cooperation opportunities, including joint investment in the project, contingent on a positive Feasibility Study.
Green River is owned by Anson Resources’ subsidiary Blackstone Minerals and sits in a strategic location within the US to support the growing demand for domestically sourced EV battery materials.
POSCO has been conducting long-term R&D and investment reviews on next-generation lithium resources such as brine and geothermal brine for several years, utilising its comprehensive experience in lithium extraction and operational know-how, paired with its deep experience in chemicals trading and distribution.
The demonstration plant is a scaled-up version of a pilot plant designed to validate a new industrial process at a larger, commercially relevant scale before full-scale construction.
The demonstration plant will operate on a continuous process basis to closely resemble that of the anticipated future commercial plant as well as generating significant quantities of product.
POSCO is developing a global supply chain to support the transition EV and has invested in a total of 93,000 tonnes of lithium production annually in Argentina and South Korea.
The company has made significant investment in both brine and hard-rock lithium resources across South America and Australia, and is advancing proprietary Direct Lithium Extraction (DLE) technologies to accelerate low-carbon lithium production.
Anson is an ASX-listed mineral resources company with a portfolio of projects in key demand-driven commodities. It is focused on developing assets into significant lithium producing operations.
Write to Adam Orlando at Mining.com.au
Images: Anson
