Anson Receives US$330M Letter of Interest from US EXIM Bank

Anson Resources Limited has announced that A1 Lithium, its US subsidiary, has received a non-binding Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) for debt financing up to US$330 million. This funding aims to support the construction of a lithium production plant in the Paradox Basin, Utah.

US EXIM is the official export credit agency of the US Federal Government. The LoI is part of their "Make More in America" Initiative, which focuses on strengthening America's supply chains.

This development marks a significant milestone in Anson's funding strategy and highlights the company's engagement with the US government and industry partners. Anson's Executive Chairman and CEO, Bruce Richardson, expressed satisfaction with this progress, emphasizing the potential impact on the new energy economy.

Furthermore, Anson’s CFO, Matthew Beattie, noted that while the LoI is non-binding, it is an important step in advancing project financing for their Paradox Basin projects. Completion of the financing is subject to due diligence and negotiation of final terms.