Anson Resources Lifts US Project Pre-Tax Valuation to $1.52 Billion on Utah Incentives
MT Newswires Live
8 hours ago
Anson Resources (ASX:ASN) said the base-case pre-tax net present value, discounted at 8%, of its Green River lithium project in Utah rose to about $1.52 billion after it added two recently approved Utah state incentive programs to its financial model, according to a Wednesday Australian bourse filing.
The updated modeling indicates a base-case post-tax value of about $1.05 billion, the filing said.
That compares with a base-case pre-tax value of $1.37 billion and a post-tax value of $896 million reported in the project's engineering scoping study, the filing added.
The company's shares rose 2% in recent Wednesday trade.
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