On
Anson recently reported it has ramped production at its Sample Demonstration Plant at its Lithium Innovation Centre in
The ramp-up of sample production is a key step in Anson's structured product supplier qualification process with potential offtake partners, as it enables them to provide samples to potential end-users. The lithium carbonate product from the sample demonstration plant will be supplied to vehicle manufacturers and their cathode active material ('CAM') partners for testing as a part of the qualification process to secure long term off-take agreements. Anson reports that discussions are ongoing with vehicle manufacturers, and they are required to provide samples for test work with their CAM providers in a typically three-stage supply qualification process.2
Anson also recently reported it has completed the acquisition of a strategic land package of privately owned industrial use land at its
Anson plans to utilise the new site as the location for the future lithium extraction and production facility for a proposed lithium operation at the project. Essential existing infrastructure surrounds the immediate area, which potentially offers substantial time and cost savings for the project's future development requirements. The new land package provides access to the national rail network, interstate road system, as well as gas and power infrastructure, and access to the Green River. It is also situated in close proximity to the town of
Design and engineering studies have commenced over the area. These include an electrical engineering study as well as a geotechnical survey generated drill program for the foundation of buildings, potable water supply and the engineering design for the extraction of water from
'Anson's acquisition of a significant strategic land package for its
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About Trident
Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.
Active deal-sourcing which, in addition to writing new royalties and streams, will focus on the acquisition of assets held by natural sellers such as: closed-end funds, prospect generators, junior and mid-tier miners holding royalties as non-core assets, and counterparties seeking to monetise packages of royalties and streams which are otherwise undervalued by the market;
Maintaining a low-overhead model which is capable of supporting a larger scale business without a commensurate increase in operating costs and
Leveraging the experience of management, the board of directors, and Trident's adviser team, all of whom have deep industry connections and strong transactional experience across multiple commodities and jurisdictions.
The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.
Forward-looking Statements
This news release contains forward-looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as 'anticipates', 'believes', 'could', 'estimates', 'expects', 'may', 'shall', 'will', or 'would'. Although Trident believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company often largely relies upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.
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