Anson Resources Limited (ASX: ASN | ASNOD) has completed the acquisition of a strategic land package of privately owned, industrial use land at its Green River Lithium Project in the Paradox Basin, in south-eastern Utah, USA.
Anson executed a letter of intent (LOI) to enter into a purchase and sale agreement for the strategic acquisition of 0.568km2 of land at the Green River Project with US incorporated, family-owned entity Boysdaba Holdings LLC in the previous quarter.
Anson Resources chairman and CEO, Bruce Richardson, commented “We are excited about the potential to develop a lithium extraction and processing plant at the newly acquired site at Green River. Private, industrial use land is difficult to secure in eastern Utah, as the approval process for privately-owned land is significantly less onerous. We consider the existing infrastructure that surrounds this area to be world class, potentially reducing the work and costs required to develop the project into production.”
The company has said that all conditions for the sale and purchase in the LOI have been successfully met and payment of USD2.4M to acquire the land package has been made to Boysdaba. The title for the property has been transferred to Anson, and the transaction recorded by both the Grand and Emery counties for the parcels of land.
The acquisition represents a pivotal addition to the Green River Project area. Anson plans to utilize the new site as the location for the future lithium extraction and production facility for a proposed lithium producing operation at the project. Essential existing infrastructure surrounds the immediate area, which potentially offers substantial time and cost savings for future development requirements.
The new land package provides access to the national rail network, interstate road system, as well as gas and power infrastructure, and access to the Green River. It is also situated in close proximity to the town of Green River, providing ready access to other supporting infrastructure and potential workforce.
To find out more, please visit www.ansonresources.com
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