Anson Resources (ASN) H2 2025 earnings summary

Executive summary

• Advanced Green River Lithium Project in Utah, achieving 98% lithium recovery and producing 43,500 gallons of battery-grade lithium chloride, with a maiden JORC Resource of 103,000 tonnes LCE and significant resource expansion potential.

• Secured a non-binding Letter of Interest from US EXIM Bank for up to US$330 million in long-term debt financing, and signed a Memorandum of Understanding with POSCO Holdings for a DLE demonstration plant.

• Progressed Paradox Lithium Project with plans to expand the existing 1.5Mt LCE JORC Resource, and advanced Yellow Cat and Ajana projects, diversifying the portfolio.

Financial highlights

• Net loss attributable to equity holders for FY2025 was $8,497,084, an improvement from $9,836,894 in FY2024.

• Loss per share was 0.62 cents (FY2024: 0.77 cents).

• Cash and cash equivalents at 30 June 2025 totaled $2,446,516 (FY2024: $8,215,284).

• Total assets were $52.7 million, with exploration and evaluation assets at $41.1 million.

• Net operating cash outflow was $8.2 million (FY2024: $7.0 million).

Outlook and guidance

• Entering FY2026 with a de-risked pathway to production, increased government engagement, and validation from global partners.

• Focus remains on progressing Green River and Paradox projects toward development decisions and unlocking further value at Yellow Cat.