Anson Resources Limited has entered into a non-binding memorandum of understanding with POSCO Holdings Inc. to develop a demonstration plant utilizing Direct Lithium Extraction technology at its Green River Lithium Project in southern Utah, USA. This collaborative agreement represents a significant step in testing the commercial viability of the innovative extraction process at a scale more representative of full production. POSCO Holdings plans to fully fund the construction, infrastructure, operating costs, and site lease fees for the facility, with its investment decision expected to be finalized following a due diligence process by December 2025. The Green River Lithium Project, held by Anson’s subsidiary Blackstone Minerals NV LLC, benefits from a strategic U.S. location with ready access to existing infrastructure and a skilled local workforce. With forecast-leading low production costs and the growing demand for domestically sourced electric vehicle battery materials, the initiative is well positioned to meet future market requirements. In addition to constructing the demonstration plant, the companies are exploring joint investment and further operational partnerships contingent on positive feasibility outcomes, which could enhance the project's long-term commercial prospects. Executive Chairman and CEO Bruce Richardson emphasized that the agreement reinforces the commercial strategy and de-risking progress of the Green River project, highlighting the asset’s potential to become a significant North American lithium development. A spokesperson for POSCO Holdings echoed this sentiment, noting that the collaboration offers a strategic opportunity to bolster the company’s presence in the North American lithium market through their extensive experience in lithium extraction and chemicals trading. Market sentiment from this development appears mixed. On the bullish side, the backing of a globally recognized industrial group with strong operational expertise suggests that the project could accelerate the domestic supply of high-purity lithium—an appealing prospect for investors given the rising demand in the electric vehicle sector. Conversely, bearish concerns remain over the uncertainties inherent in scaling up novel extraction processes and the potential execution risks during the upcoming due diligence phase. Overall, the news has the potential to create a positive impact on the project’s valuation if technical and commercial milestones are achieved as planned.