ASX-listed lithium developer, Anson Resources has secured a $193-million business incentive from the Utah Inland Port Authority to support its Green River lithium project in the US state.

The Utah Inland Port Authority (UIPA) board approved the incentive for Anson’s wholly owned US subsidiary, A1 Lithium, on 4 September 2026.

The incentive is structured as an annual property tax differential rebate equal to 50% of the tax differential received by UIPA from the project, capped at $193,995,683 over 25 years.At the maximum amount, Anson would receive approximately $8 million annually once the project is operational.

The Green River project is planned as a 10,000-tonnes-per-annum lithium carbonate production facility.Based on a scoping study completed in March, the project requires total capital investment of $569 million.A1 Lithium plans to build a direct lithium extraction facility on 148 acres of private industrial land in Green River, expected to create approximately 511 construction jobs and 138 permanent positions, including 117 jobs in Green River itself.

Anson is also exploring an alternative arrangement with UIPA that would use the incentive amount to support bonds for financing public infrastructure, including power, water and gas extensions, as well as rail and road upgrades.A combination of both options is possible.

“While this is a complicated structure, the approval of the business incentive to Anson is an important step forward in putting the finance stack together for the 10,000-tonnes-per-annum lithium carbonate plant at Green River,” Anson executive chairman and CEO Bruce Richardson said.

Richardson said the company is working on several financing options that limit dilution for shareholders and continues to work on pre-production finance stacks as well as options to improve projected financial returns that would support debt and strategic investment financing.

The UIPA approval is one of multiple incentive programs Anson has been discussing with Utah government agencies.The company’s application to the Governor’s Office of Economic Development for tax reduction consideration is expected to be reviewed at its next board meeting on 10 September.Anson previously received a letter of advice in August proposing a broader incentive package worth $357.7 million, including $127.75 million in post-performance state tax reimbursements over 20 years.

“This project has the potential to create generational economic opportunity in Green River while strengthening a supply chain that is increasingly important to our national economy and security,” said Ben Hart, UIPA executive director.

The Green River project holds a mineral resource estimate comprising indicated resources of 183,000 tonnes of lithium carbonate equivalent and inferred resources of 590,000 tonnes LCE.