Anson Resources (ASX:ASN) says it has obtained formal support from Utah authorities for its Green River Lithium Project near Utah, US, with proposed incentives worth US$357.7 million ($507.5 million).
The company has received a letter of advice from the Economic Development Corporation of Utah, which outlines proposed state and local incentive programs.
The package includes US$127.75 million ($193.85 million) of post-performance state tax reimbursements over 20 years from the Governor’s Office of Economic Development, representing 50% of state taxes paid.
Also, the Utah Inland Port Authority (UIPA) has proposed allocating approximately US$229.9 million over 25 years from the project area’s share of incremental property tax revenue toward project infrastructure.
Anson says UIPA’s proposal may allow infrastructure funding to be brought forward through bonding arrangements, reducing upfront capital requirements.
Under the indicative structure, UIPA receives 75% of incremental property tax revenue generated within the project area and proposes to allocate 50% of that amount to supporting infrastructure. The package also features a custom fit training program subsidy covering 40–50% of approved workforce training costs.
Executive Chairman and CEO Bruce Richardson says the letter demonstrates the strategic importance of the Green River Lithium Project to Utah and the US domestic critical minerals supply chain.
“The proposed incentive programs recognise the significant long-term investment, skilled employment, and economic activity that Green River is expected to generate in Utah,” Richardson says.
“In particular, the ability to apply potential UIPA support towards critical infrastructure could provide meaningful assistance as we advance the project towards development.”
Richardson also notes the programs could reduce the capital intensity and long-term tax burden of Green River, strengthening project economics.
Relevant Utah authorities are expected to complete their formal assessments during September 2026. If approved, Anson will evaluate incorporating the incentives into the financial model for the Green River Definitive Feasibility Study.
The Green River Project holds a mineral resource estimate comprising indicated resources of 183,000 tonnes lithium carbonate equivalent (LCE) and inferred resources of 590,000 tonnes LCE.
Anson Resources holds a portfolio of minerals projects in demand-driven commodities, with core assets in Utah.
Write to Paula Fabe at Mining.com.au
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