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Anson secures A$15M facility to fund pilot plant construction at Paradox

Anson Resources Ltd. said May 20 that it secured a A$15 million facility from Long State Investment Ltd., as well as a share placement commitment of about A$1.7 million from Chia Tai Xingye International.

Proceeds of the raised funds will be used to partially fund the construction of a pilot plant at the Paradox lithium brine project in Utah and the production of lithium carbonate for product qualification testing.

Funding under the facility may be used for a proposed feasibility study to be undertaken in early 2020.