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Utah Backs Anson Resources’ Green River Lithium Development with Proposed US$357.7m Incentive
['Imelda Cotton']
Small Caps
Anson Resources (ASX: ASN) has received a letter of advice from the Economic Development Corporation of Utah confirming financial support for the company’s Green River lithium project and recognising the contribution it could make to US critical minerals production.
Impact on Project EconomicsFinal determinations are expected in September and approved incentives will be included in the Green River definitive feasibility study to assess their impact on project economics and long-term competitiveness.
“These proposed incentive programs recognise the significant long-term investment, skilled employment and economic activity that Green River is expected to generate in Utah,” he said.
“In particular, the ability to apply potential UIPA support to critical infrastructure could provide meaningful assistance as we advance the project toward development.”
EDC Utah said Anson represented the type of high-value company it seeks to support in Utah, with Green River expected to deliver investment in critical minerals, innovative extraction technologies, and employment opportunities to the region.