Posted on 25 Sep 2025
Australia-listed Anson Resources announced Wednesday a definitive offtake agreement with LG Energy Solution for battery-grade lithium carbonate produced in the US, Kallanish reports.
The deal covers the supply of 4,000 dry metric tonnes per year from the Paradox Basin lithium project in Utah. The volume, to be sold by Anson’s US subsidiary A1 Lithium, represents around 40% of the project’s start-up production capacity of roughly 10,000 t/y.
Deliveries are scheduled to commence in 2028 for an initial five-year term, with the option to expand for an additional five years. While pricing will be based on market prices, the offtake term sheet requires a commercial production and product qualification by 30 June 2029.
“Anson recognised the unstoppable paradigm shift in the US supply chain for electric vehicle battery materials and ESS [energy storage system] and the key role that Korean battery manufacturers are playing,” comments Anson chairman and ceo Bruce Richardson. “This shift in manufacturing investment has led to an increased demand for lithium produced in the US, not only to shorten supply chains geographically but also to increase US content of electric vehicle batteries and electric vehicles”
The lithium developer is targeting its offtake marketing activities at companies that are investing in North America, particularly in the US – where it claims to be “strategically positioned.”
Paradox Basin is owned through A1 Lithium, which is 100% owned by Anson Resources. The project, believed to be the largest lithium brine reservoir in the US, is currently at the exploration and testing stage. Anson says its direct lithium extraction (DLE) technology has been in commercial use since 2018 and currently produces 32,000 t/y of lithium carbonate in seven projects. This paves the way for a quick market entry in Utah, it suggests.
The company has reported a JORC resource of 1 million t of lithium carbonate equivalent (LCE), which supports a planned production capacity of 13,074 t/y for the first 10 years. Based on existing estimates, the operation could run for 23 years, although at lower commercial production levels.
According to Anson, the offtake with LGES takes it a step closer to reaching a final investment decision in the $495m project. It hasn’t, however, indicated when this could be achieved.
Source:Kallanish
