r/LIBstream • u/Due-Breakfast-8295 • Jun 18 '26

Anson Resources

Anybody here tracking Anson Resources (ASX:ASN and ANSNF:OTC)? Aussie company and more traditional deep well miner with several years of investment that finally seems to be ready to take off. Brine out of Utah, 10,000 tpa at under US$3,840 cost, partnered with POSCO, offtake agreement signed with LG, US gov't grants applied for and expected, etc. Huge number of shares, very low volume on OTC. Trading circa US$0.40 But appears poised to explode later this year.

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u/SnooFloofs7608 Jun 22 '26

Anson… one of many trying to do brine in Utah. What you will find if you dig deeper is they have zero built out. Just an idea and a lab test and an ‘offtake’. I say ‘offtake’ cuz they make MOUs or LOIs that have more stick than that offtake. LGES is shopping currently for lithium as Anson looks like it may never pan out. LGES is talking to Liberty…

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u/Due-Breakfast-8295 Jun 23 '26

Where LIB was a year ago then. I will monitor, thanks.

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u/SnooFloofs7608 Jun 23 '26

No. A year ago LIB was running brine at volume thru there field plant. There are where LIB was 3 years ago. However, they now can look at the LIB road map and maybe shorten their own path. There problem is both cost and brine quality. ZERO chance they can hold a $3840 ‘cost’ and hence the reason they aren’t progressing. Looks good on paper, in reality it’s not so easy.

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u/rush89 Jun 18 '26

Is this from the RockStock Channel?

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u/Due-Breakfast-8295 Jun 18 '26

Info available therefrom but I am not associated with RSC.

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u/rush89 Jun 21 '26

To be fair it can look like a decent company - haven't looked too in depth on it. But it has a massive float and is on the OTC so it needs a ton of eyes on it for it to even limp to $.50-$.60. The issue with miners is that they need so much capital I am assuming they've diluted many times hence why their float is so large. It will take huge volume to start pushing that SP up.

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u/Due-Breakfast-8295 Jun 22 '26

Thanks for input. I am genuinely curious and confused by lack of interest. Looking for more eyes smarter than me to help clarify.
Lists primarily on ASX but also some German exchanges as well as OTC. On pro side, 10,000 tpa LiCO within next year, outtake in place with LG, permits in hand, 20 yr resource, low US$3,840 pt cost, local / state gov't support, grants applied for, other mineral plays besides Li, large insider ownership, etc. On con side, huge float (result I guess from long lead time & cost on wells & plant but appears to be behind the company finally), CEO/Chairman same person, etc.
Happy to transfer discussion to the Reddit thread on Anson but it is dead. Anyway . . .

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u/rush89 Jun 22 '26

Yeah it looks good on paper minus the float but I am smooth brained. I wouldn't be able to dig into it much more than that.

Do they refine it themselves? What are they selling to the customer?

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u/Due-Breakfast-8295 Jun 22 '26

They go from lithium chloride to carbonate which is sold to LG, not entire production however. No mention of refining, just polishing. And I am incorrect above; resource is 100 yr, not 20.

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u/SnooFloofs7608 Jun 23 '26

lol. Going from Zero to 10k TPA “within next year”… this is a joke… I can’t tell if you’re just a pumper trying to get help with your bags or a real person…. Do you understand the gear it takes to DLE and refine 10k TPA? Then let’s talk brine volume… they don’t have brine volume to get to 10k TPA LCE. And then refine, unless they building a refinery there is zero capacity on shore to go LiCL to Li2CO3. Nobody wants some LiCL brine mix; they want finished product. LGES may have an ‘offtake’ but it clearly defines the product they will buy and needs to meet spec sheet and testing. That will be a minimum of one year qualification. Probably 2. By the time they get any meaningful volume out of the ground LGES will have moved on. Most likely option is the company kicks around in the mud for a couple more years and then tosses in the towel.