In this episode of Rock Stock Channel's "Getting To Know You" series, I speak with Bruce Richardson, Executive Chairman and CEO of Anson Resources (ASX: ASN | OTC: ANSNF). We explore Anson's strategic positioning within the North American lithium landscape, with a detailed discussion on their flagship Green River Project located in Utah's Paradox Basin.
Bruce shares his extensive background, highlighting his and the management team's deep experience in China and critical minerals. We discuss why Anson pivoted from its...
In this episode of Rock Stock Channel's "Getting To Know You" series, I speak with Bruce Richardson, Executive Chairman and CEO of Anson Resources (ASX: ASN | OTC: ANSNF). We explore Anson's strategic positioning within the North American lithium landscape, with a detailed discussion on their flagship Green River Project located in Utah's Paradox Basin.
Bruce shares his extensive background, highlighting his and the management team's deep experience in China and critical minerals. We discuss why Anson pivoted from its initial graphite ambitions to focus on lithium brine extraction, driven by favorable economics and strategic market demand shifts, especially considering recent geopolitical factors.
The conversation then centers around Anson’s recent partnership milestones, including a newly signed Memorandum of Understanding (MOU) with South Korean lithium producer POSCO and successful direct lithium extraction (DLE) pilot results in collaboration with Koch Technology Solutions. Bruce explains the distinct advantages of the Green River site, including its impressive infrastructure, relatively straightforward permitting process, high-pressure brine reservoirs, and low impurity profile.
We also address Anson’s ongoing plans, including resource expansion drilling, further feasibility studies, final permitting stages, and the company's financing strategy—covering their LOI from the U.S. Export-Import Bank and potential corporate partnerships and offtake agreements.
Finally, Bruce touches on Anson’s additional non-lithium assets, including uranium and vanadium at Yellow Cat, and other critical mineral projects in Western Australia, providing insight into potential value-unlocking strategies.
This interview aims to help retail investors better understand Anson Resources' unique position in the evolving lithium industry, particularly within the increasingly important context of North American energy security.
CHAPTERS 📖
(00:00) Introduction
(02:27) Management Team Background & China Expertise
(03:30) Strategic Pivot to Lithium and Utah Focus
(04:30) Discovery of Paradox Basin Lithium
(05:33) Transition Strategy to Green River Project
(07:57) Green River Site Attributes & Approvals
(09:46) Resource Economics & CapEx Outlook
(15:08) Brine Purity & Extraction Advantages
(18:29) POSCO Partnership MOU Overview
(23:08) Koch Technology Pilot Plant Results
(26:29) De-Risking Steps & Path to Final Investment Decision
(28:12) Permitting Progress
(30:24) Financing Strategy & Offtake Agreements
(32:26) Other Critical Minerals Projects
(34:52) Anson's Role in the US Lithium Market
(40:27) Potential US Listing?
(41:08) Closing Remarks
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Links 🌍
RK Equity Website: https://rkequity.com/
Patreon: https://www.patreon.com/rockstockchannel
Podcast:
Apple Podcast: https://podcasts.apple.com/us/podcast/lithium-ion-rocks/id1457969172
Spotify: https://open.spotify.com/show/0KiMIZOPaDg8ENfPJMSINq
X (Twitter):
Howard: https://twitter.com/LithiumIonBull
Rodney: https://twitter.com/RodneyHooper13
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DISCLAIMER
NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH
Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website https://www.rkequity.com
Intro and outro audio credit: Jamie Klein
