Anson Resources (ASN) Investor presentation summary

Strategy and market context

• Targeting a multi-phase Green River operation to supply ~10% of North American lithium demand and strengthen domestic supply chains.

• US lithium-ion battery demand forecast at 25% CAGR from 2025 to 2035; large-scale battery plants projected to grow from 12 operating in 2026 to 35 by 2035.

• US tariffs on Chinese lithium chemicals and lithium-ion batteries are 28%; 45X credits support US battery makers using non-Chinese lithium chemicals.

Project status and infrastructure

• Green River is described as fully permitted, with a near-term demonstration plant planned ahead of a 10,000 tpa Phase 1 facility.

• The 147-acre private site is 100% owned by A1 Lithium and has access to town water and sewer, water rights, gas, power, rail, roads and nearby interstate infrastructure.

• Brownfield zoning and privately held land support permitting; the project is near Green River township and existing utilities.

• POSCO Holdings made the first tranche payment under a binding agreement and will fund, build and operate the DLE demonstration plant.

• JordProxa completed non-thermal downstream test work with results exceeding original design expectations; Baker Hughes completed preliminary well-field design.

Project economics

• Engineering study metrics: 10,000 tpa production, $5.2B total revenue, $1.4B pre-tax NPV, 27% IRR and 20-year project life.

• Study metrics also include $3,837 C1 OPEX/t LCE, $569M CAPEX and $216M annual EBITDA.

• Utah incentives are cited at approximately $406M; the post-tax NPV is $1.05B, up $150M.

• Incentives include a UIPA business incentive capped at $193.996M and a GOED post-performance tax reduction of $212.519M over 20 years.