The halt will remain in place until the start of regular trade on Tuesday, September 14, or until an announcement is released to the market, whichever occurs earliest.
Positive battery test-work
Earlier this week, the company received positive battery test-work results from NOVONIX Ltd, demonstrating its high-purity lithium makes batteries last longer.
NOVONIX compared cathode powder synthesised using commercial metal hydroxide and lithium precursors to Anson’s lithium product to provide real-world comparisons.
Anson’s 99.9% purity lithium carbonate retain more of the available capacity after the first formation cycle, while ultra-high precision coulometric (UHPC) tests clearly showed lower capacity losses.
Anson chairman and CEO Bruce Richardson said the test-work results demonstrated the viability of the company’s flagship Paradox Brine Project in Utah, from which Anson sources its lithium.
“The lithium carbonate and lithium hydroxide produced from the Paradox brines have the necessary specifications that Tier 1 battery makers may require.”