Anson Resources Ltd (ASX:ASN) remains focused on Paradox Lithium Brine Project, which is located in the U.S. state of Utah.
The project is located 4 kilometres from an operating potash mine and in a semi-desert region that has 300 days of sun per year.
Anson is earning up to 70% in the project by spending US$3 million.
The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Tuesday 1st August 2017, or earlier if an announcement is made to the market.