Anson Resources secures US$194 million tax incentive for Green River lithium plant

Anson Resources received approval for a major tax incentive package valued at up to $193.995 million from the Utah Inland Port Authority (UIPA). The board of UI PA approved the business incentive for Anson's wholly-owned US subsidiary, A1 Lithium. The rebate structure is capped at 50% of the additional property tax revenue projected from the project once it becomes operational. This financial support could return approximately $8 million annually over a 25-year period after the plant starts production. The incentive serves as another component in Anson's broader finance stack for the planned 10,000tpa lithium carbonate plant at Green River. Executives stated this approval is an important step toward assembling pre-production financing options. Bruce Richardson, Anson executive chairman and CEO, described the complex structure as a significant advancement for securing debt and strategic investment funding. The Utah Inland Port Authority capped the rebate at 50% of the additional property tax the Green River development is expected to generate.