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Anson Resources raises cash from options exercise

First production of lithium carbonate is expected in April 2018.

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Anson recently acquired an oil well

Anson Resources Ltd (ASX:ASN) has raised circa $125,000 following the issue of 5 million shares on early exercise of options at $0.025 per share.

First production of lithium carbonate from the company’s Paradox Lithium Project in Utah is expected in April 2018.

READ: Anson Resources conducting sample testing ahead of April lithium carbonate production

The company’s process sequencing will consist of extracting the boron and magnesium followed by the production of lithium carbonate.

Anson recently acquired the Cane Creek 32-1 oil well and the associated oil and gas lease which may be utilised by its in-field pilot plant.

READ: Anson Resources acquires power source as it moves to first lithium carbonate in April

Quick facts: Anson Resources Ltd

Price: 0.0195 AUD

ASX:ASN
Market: ASX
Market Cap: $15.28 m
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Anson Resources initiates $3 million fundraising to advance its Paradox...

Anson Resources Ltd (ASX:ASN) CEO Bruce Richardson tells Proactive the firm has launched a share purchase plan (SPP) offer to raise up to $2 million as part of a $3 million capital raising effort to advance its Paradox Brine Project in Utah. Richardson says the funds raised will be used to...

on 17/6/20

2 min read