Great article, Anson starting to turn heads.Big takeaway they...

Great article, Anson starting to turn heads.
Big takeaway they mention Korean and Japanese Cos as building big battery plants- Know Bruce mentioned possibility of Cos from this area as one of the Companies to have an offtake term sheet on the table. Also mentions that they are negotiating with other Tier 1 Cos.
Must be rumours, and they’re not far off the mark!
ANOTHER OFFTAKE THIS WEEK PLEASE!

Anson is building a significant presence in the US market with continued growth through further investment in developing its projects in the Paradox Basin. Korean and Japanese companies have committed to building large battery manufacturing facilities in the United States and are seeking Inflation Reduction Act (IRA)-compliant lithium to supply those projects.

LG Energy Solution has eight facilities currently operating or under construction in North America, with stand-alone facilities in Michigan and Arizona and six joint venture facilities with major automakers.

The Offtake Term Sheet or subsequent definitive agreement will become effective subject to Anson Resources making a final investment decision, the commencement of commercial production in the Paradox Basin and offtake product qualification with LG Energy Solution. In addition, Anson continues to progress negotiations with other potential tier one global customers which would complement its offtake strategy of 80-90% of initial production under long-term agreements.

https://www.greencarcongress.com/2024/05/20240501-anson.html