Anson Resources (ASN) Q2 2026 TU earnings summary

Executive summary

• Advanced Green River Lithium Project in Utah with revised drilling program and offtake agreement for 300 dry metric tonnes of high-purity lithium chloride with Nusano, supporting project development and future debt funding.

• Strengthened technical and commercial cooperation with POSCO on the Green River DLE Demonstration Plant, and signed MoU with Utah State University for lithium workforce training.

• Progressed exploration and planning at Yellow Cat Uranium/Vanadium and Ajana Base and Precious Metals Projects, with future drilling programs designed to expand resources.

Financial highlights

• Completed $14 million placement to advance Green River Project, with 2-for-1 attaching options listed on ASX.

• Ended the quarter with $14.1 million cash on hand.

• Quarterly payroll expenditure decreased by 28% and administrative expenditure by 27% over the last two years.

• Quarterly exploration and evaluation costs were $1.094 million, mainly for Paradox Basin Projects.

• Administration and corporate costs for the quarter were $451k.

Outlook and guidance

• Ongoing drilling and sampling at Green River and Paradox projects aim to expand JORC Mineral Resource estimates.

• Future exploration at Ajana and Yellow Cat projects targets resource upgrades and new discoveries.

• Collaboration with POSCO and local institutions expected to support project development and community benefits.