Anson Resources (ASX: ASN) has staged a modest rebound in its share price, hovering around A$0.05, as investors respond positively to a major upgrade at its Green River Lithium Project in Utah. The company recently announced a striking 650% increase in its JORC mineral resource, significantly boosting confidence in the asset's scale and long-term potential.

The upgrade, driven by new drilling data and higher lithium grades, points to a growing resource base that could position Anson as a more meaningful player in the U.S. lithium supply chain.

While the share price remains well below its historical highs, the latest development has injected fresh momentum into the stock, with gains of around 5–6% reflecting renewed market interest.

The rebound appears catalyst-driven, with investors reassessing Anson’s valuation as its flagship project continues to expand.

About Anson Resources Ltd (ASX: ASN)

Anson Resources Limited is a junior critical minerals company focused on building a long-term position in the global battery materials supply chain, particularly lithium, one of the most in-demand commodities in the energy transition.

Founded in 2009 and listed on the Australian Securities Exchange, the company operates primarily in the United States through its subsidiary A1 Lithium. Its strategy is fairly straightforward: acquire, explore, and develop assets that can feed into the rapidly growing electric vehicle (EV) and energy storage markets.

At the heart of Anson’s portfolio sits the Paradox Basin in Utah, home to its flagship Paradox Lithium Project. This asset is considered the company’s cornerstone, with plans to produce high-purity lithium carbonate using direct lithium extraction (DLE) technology, a method that’s often promoted as faster and more environmentally efficient than traditional mining.

Not far from Paradox is the newer Green River Lithium Project, which has quickly become a major growth driver. Spanning more than 100 square kilometres, it adds scale to Anson’s resource base. It benefits from existing infrastructure like roads, rail, and water access, small details that often make a big difference in project economics.

Beyond lithium, Anson holds additional exploration assets, including uranium and base metals projects in Utah and Western Australia. This diversification gives it optionality, though lithium clearly remains the main focus.

Anson Resources is still in the development stage, not yet a producer. Still, it’s positioning itself to become part of the U.S. domestic lithium supply chain, a theme that continues to attract investor attention.

How Anson Is Positioning Itself in the U.S. Lithium Supply Chain

There’s a moment in every resource company’s journey when the story shifts, from “what if” to “what’s next.” For Anson Resources Ltd (ASX: ASN), that transition is starting to feel real.

Anson isn’t just exploring for lithium; it’s trying to build a scalable, domestic supply solution in the United States, right when the world is scrambling for battery materials. Its flagship Paradox Lithium Project in Utah is already considered an advanced development asset, with studies pointing to long-life production potential and strong economics.

But what makes the strategy interesting is how the pieces fit together. The nearby Green River project isn’t just an add-on; it’s a calculated move to expand the resource base within the same geological basin. Think of it like extending a proven blueprint rather than starting from scratch.

And then there’s the technology angle. Instead of traditional mining, Anson is leaning heavily on Direct Lithium Extraction (DLE), a method that promises faster processing and potentially lower environmental impact. It’s not risk-free, but if it works at scale, it could reshape project economics entirely.

Recent milestones suggest progress is more than theoretical. The company has already produced lithium carbonate with around 99.4% purity from its Green River operations, essentially battery-grade material.

Put all of this together, and you start to see the bigger picture. Anson isn’t a producer yet, but it’s steadily moving along. And in a market where securing local lithium supply has become a strategic priority, that positioning alone is starting to matter.

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Technical Analysis about Anson Resources Ltd (ASX: ASN)

Technical Analysis of Anson Resources Ltd (ASX: ASN)

Source: TradingView

Looking at the current chart structure, Anson Resources Ltd remains in a short-term downtrend, but there are early signs of stabilisation around the A$0.045–0.050 zone. After a recent bounce toward ~A$0.060, the price has pulled back sharply, suggesting that the rally was more of a relief move than a confirmed trend reversal.

Momentum indicators support this view. The RSI has cooled back toward the 30–40 range, indicating the stock is approaching oversold territory but not quite there yet, which often precedes either consolidation or a weak bounce. Relative Strength Index readings around ~40 align with neutral-to-bearish momentum rather than strong accumulation.

From a price-structure perspective, the chart has been forming lower highs since early 2026, reinforcing a bearish bias unless a breakout occurs.

Key Levels:

● Support: A$0.045

● Resistance: A$0.055

● Stop Loss: Below A$0.042

This is still a high-risk, sentiment-driven stock. The chart isn’t broken, but it’s not strong either. Right now, ASN is trading more like a “wait for confirmation” setup rather than a clean breakout opportunity.

FAQs about Anson Resources Ltd (ASX: ASN)

1. What is driving recent interest in Anson Resources (ASX: ASN)?

The recent attention largely comes from a significant upgrade at the company’s Green River Lithium Project, where the resource estimate expanded dramatically. That kind of jump tends to reset investors' view of a company’s long-term potential. Add to that the broader demand for lithium, especially in the U.S. supply chain, and you get a stock that suddenly feels more relevant, even if it’s still in the development stage.

2. Is Anson Resources a producing company yet?

Not yet. Anson is still in the exploration and development phase, which means it’s working toward production rather than generating steady revenue from operations. That said, it has already produced high-purity lithium carbonate samples, which is a meaningful step. It shows the project isn’t just theoretical, it’s progressing, though there’s still a long road ahead before commercial production.

3. What are the key risks investors should consider?

Like many junior resource stocks, Anson carries a mix of technical and market risks. The success of its Direct Lithium Extraction (DLE) approach is not guaranteed at full scale, and funding future development could dilute shareholders. On top of that, the share price is highly sensitive to sentiment and lithium market trends, leading to sharp swings in either direction.