- Anson Resources (ASN) appoints financial advisor, BurnVoir Corporate Finance, to arrange the financing for the development of its Paradox Lithium-Bromine Project in Utah
- BurnVoir will work with Anson to secure a flexible funding package for the project and assist with a Definitive Feasibility Study
- The company says it anticipates increased recognition of the underlying value of the project as its offtake and funding initiatives are progressively implemented
- Anson shares were up 7.95 per cent, trading at 9.5 cents at 1:05 pm AEDT
Anson Resources (ASN) has appointed a financial advisor for its Paradox Lithium-Bromine Project in Utah.
Independent finance advisory group, BurnVoir Corporate Finance, has been appointed to arrange the financing for the development of the company’s wholly-owned project.
BurnVoir will work with Anson to secure a flexible funding package for the project.
The company has a track record in arranging the development and acquisition finance for multiple lithium projects. In recent years, BurnVoir has worked to secure Pilbara Minerals’ Pilgangoora Project, and $1.1 billion in debt facilities for IGO’s acquisition of an interest in the Greenbushes Lithium Mine and the Kwinana Lithium Hydroxide Refinery.
Anson’s Executive Chairman, Bruce Richardson, said the company is pleased to have BurnVoir as part of our team to support it across its offtake and financing activities.
“BurnVoir has extensive experience in arranging development funding for high quality projects such as the Paradox Lithium-Bromine Project, and we look forward to working closely with BurnVoir,” said Bruce Richardson.
“As our offtake and funding initiatives are progressively implemented, we anticipate increased recognition of the underlying value of the project.”
As part of BurnVoir’s appointment, it will also assist with a Definitive Feasibility Study for the project, to ensure Anson’s feasibility work withstands the rigour of independent due diligence.
Anson shares were up 7.95 per cent, trading at 9.5 cents at 1:05 pm AEDT.