Anson Resources Share Price Shoots Up After Lithium Experiment Works

By ,

Anson Resources Ltd [ASX:ASN] has had a big gain over the past trading session, shooting up 31.6% in a single day.

What caused Anson Resources’ share price to rise?

This is a result of a successful technology experiment that demonstrates their ability to produce battery grade lithium.

Lithium is a crucial element in lithium-ion batteries.

You find these batteries in a range of technology products and they are being explored for use in sustainable energy storage.

Three speculative lithium punts could make you a small fortune as battery demand reaches fever pitch. Find out more.

One of the big problems encountered with sustainable energy is that if you have too much of it, it is hard to keep for later.

South Australia for instance, is struggling to keep energy prices down amid problems with its push towards sustainable energy.

Former Tesla chairman, Elon Musk famously offered a fix for South Australia by building a massive lithium-ion battery in the north of South Australia.

And Anson stands to profit from these types of batteries as production demand ramps up.

Major lithium project

As you can see, Anson has a huge project in Utah where they are about to start mining high grade lithium.

Anson Paradox

Source: nabtrade.com.au

The CEO of Lilac Solutions who carried out the test on Anson’s Brine Project said that:

High purity lithium hydroxide was produced from the Cane Creek brine and Lilac remains on track to produce battery grade products from Anson’s lithium rich brines.’

A recently released report highlights how the process works:

Lilac’s production process uses a newly developed technology that extracts only the lithium from the brine using an adsorption methodology. Lilac has been conducting test work on the Paradox Lithium brine since July 2018.

As a result of increased interest in their projects, Anson is seeking a trading halt pending announcements from test-work.

The future could be bright for Anson.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: If you are interested in lithium stocks check out our free report on these three Aussie rare-earth stocks powering the global battery frenzy.

About Ryan Clarkson-Ledward

Ryan Clarkson-Ledward is an Editor at Money Morning.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

Ryan is also the Editor…

Anson Resources Retracts Production Capacity Target

Junior minerals miner Anson Resources [ASX:ASN] has had a busy few days.

Anson Resources [ASX:ASN] Shares Soar As DFS Targets 10,000tpa Production Capacity

Anson Resources [ASX:ASN] shares jumped 11% on Monday after the company released a DFS update regarding its Paradox Lithium Project.

Anson Resources Aim Expansion at Paradox Lithium Project (ASX:ASN)

Anson Resources [ASX:ASN] has said they’ll be launching a major resource expansion program at their Paradox Lithium project.

ASX Lithium and BNPL Stocks Crater on Omicron and Interest Rate Fears

From Afterpay [ASX:APT] to Vulcan Energy Resources [ASX:VUL], BNPL and lithium stocks are under heavy selling pressure today as markets worry about Omicron and inflation.

Anson Share Price Up on Quarterly and Novonix Battery Test Results (ASX:ASN)

The Anson Resources [ASX:ASN] share price is up as the lithium stock ends the quarter with $8.4 million in cash.

ASN Shares: Assays Confirm High-Grade Uranium, Vanadium (ASX:ASN)

The Anson Resources Ltd’s [ASX:ASN] share price is up after announcing exploration at Yellow Cat has confirmed high grades of uranium and vanadium.