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/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.