https://markets.*.com/news/stocks/anson-resources-signs-lithium-supply-agreement-with-lg-energy-solution-1033309185
Love these words from Bruce in this article- lots of clues, hints & confidence in what he’s saying… Anson building a great presence and a big part of the US future EV & Battery production line.
Anson Resources CEO Bruce Richardson commented:"Anson has recognized the unstoppable paradigm shift in the expanding US supply chain for electric vehicle battery materials, and the key role that Korean and Japanese battery manufacturers are playing*. The Inflation Reduction Act (IRA) along with other US policy initiatives have resulted in significant investment in new battery manufacturing capacity in North America to meet growth in demand for electric vehicles and the continued momentum toward the electrification of the economy in the US. This shift in investment has led to an increased demand for lithium produced in the US, not only to shorten supply chains geographically but also increase US content in li-ion batteries and electric vehicles, to meet IRA incentive requirements. Anson's assets in the Paradox Basin in southern Utah are strategically positioned to benefit from these momentous trends. We are delighted to have reached agreement with LG Energy Solution allowing us to execute our first binding offtake term sheet for at least 40% of our production. This establishes the foundation for a long-term partnership and we are proud that we will be supplying US made lithium from the Paradox Basin to LG Energy Solution, a respected global leader in the lithium battery value chain, building out the largest battery manufacturing capacity in the US."
LG Energy Solution is the ideal partner for Anson Resources, with its diversified customer base and strong investment in expanding production in North America. 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.
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