Wedoany.com Report-Nov. 22, Anson Resources, listed on the ASX, has successfully raised A$14 million through a strongly supported placement to institutional investors, both new and existing. The single-tranche offering was priced at A$0.08 per share and includes one free attaching listed option (exercisable at A$0.12, expiring in three years) for every two shares subscribed.

Proceeds will primarily advance the Green River lithium project in Utah, United States, funding continued exploration, an updated JORC-compliant resource estimate, engineering studies for the definitive feasibility study, and front-end engineering design. Additional capital will support initial low-cost drilling at the Yellow Cat uranium project and provide general working capital.

The placement price represented a 20% discount to the company’s closing price on 18 November and a 15.2% discount to the 15-day volume-weighted average price.

Executive Chair and CEO Bruce Richardson said: “The funds that have been raised will be used to further develop the project, to take it further along the pathway to production and deliver returns for our shareholders.”

Richardson noted the oversubscribed raising reflects investor confidence in both the lithium market and Anson’s Green River strategy, which benefits from existing infrastructure, advanced permitting progress, and established financing and offtake partnerships.

Green River, together with the nearby Paradox lithium project, forms Anson’s core portfolio in Utah, positioning the company to develop a substantial domestic lithium supply for energy and technology applications in the United States.