Anson Resources Ltd.

Anson Resources Ltd. is a junior lithium development company headquartered in Brisbane, Australia, operating primarily in USA. The company's portfolio consists of 5 projects, comprising 1 development and 4 advanced exploration projects. Key assets include Paradox and Green River. The company's business model centers on developing mineral-rich fluid resources, leveraging existing infrastructure such as historical oil and gas wells to delineate resources without requiring extensive new drilling. Operational capabilities are demonstrated through a Sample Demonstration Plant (SDP) which produces purified chemical products from raw industrial fluids, utilizing a proprietary flowsheet. This SDP facilitates the collection of critical data across all stages of the extraction and purification process, enabling continuous efficiency improvements for future commercial-scale facilities. A key technological advantage is the use of advanced direct extraction technologies, including a collaboration to pilot a specialized selective sorption process unit. Operational synergies are realized between adjacent projects that share similar geological characteristics, allowing for centralized processing and testing of fluids from multiple sources. The enterprise is positioned to support the expansion of a domestic critical minerals supply chain, aligning with government industrial policy initiatives.

Strategic priorities are centered on the phased development of key projects, supported by a multi-faceted funding approach that includes equity placements, potential debt financing, and jointly funded technology partnerships. A core objective is to de-risk commercial-scale development by using pilot plant operations to generate detailed feasibility engineering and cost data. The organization's market positioning strategy involves securing long-term, binding offtake agreements with tier-1 global customers, with a stated goal of committing 80-90% of initial production capacity to such arrangements. This approach targets end-users in the electric vehicle and advanced battery manufacturing sectors. Business strategy also encompasses the continued advancement of other exploration assets to build a pipeline of future development opportunities. Management approach involves leveraging successful pilot program outcomes and resource delineation to support final investment decisions and secure project financing for full-scale production facilities.

Executive leadership is headed by a Chairman and CEO with over 30 years of international business development experience, including more than 15 years in senior management roles within the exploration and mining sector. His background includes prior public sector roles as a trade commissioner and a track record of raising over $220 million for project development. The board of directors consists of 4 members, including 3 executive directors and 1 non-executive director. Governance framework includes regular board meetings, with 4 held during the fiscal year, to oversee the company's risk management framework, which encompasses strategy, policies, and procedures. The remuneration philosophy is designed to attract and retain skilled executives by linking a portion of compensation to the achievement of predetermined financial and operational performance benchmarks, creating an 'at risk' component tied to strategic milestones. An independent auditor provides an annual independence declaration to the board.

In September 2023, the company completed the acquisition of an adjacent exploration project from Legacy Lithium Corporation, which expanded the area of its existing core asset. During the same month, the organization also acquired a strategic package of privately owned, industrial-use land to support future processing plant development. A commercial collaboration was established in June 2024 with Koch Technology Solutions for the commissioning of a pilot extraction unit, an initiative jointly funded through a convertible note issued to the partner. The corporate structure includes several wholly-owned subsidiaries, such as A1 Lithium Inc. and Blackstone Resources NV LLC, which hold project claims. A subsidiary was established in China during the fiscal year to advance negotiations with potential technology and offtake partners. The largest single shareholder is Chia Tai Xingye International, holding a 13.11% interest. The company also has a joint venture agreement with Voyageur Minerals Inc. concerning a block of 87 claims, under which it has earned a 50% interest.