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The company’s shares will remain on hold until Tuesday, September 14 or when an announcement is released to the market.
Anson Resources Ltd (ASX: ASN) has been granted a halt to trading by ASX as it prepares to make a fundraising announcement.
The stop will remain in place until the start of regular trading on Tuesday, September 14, or until an announcement is posted to the marketplace, whichever occurs first.
Battery test positive
Earlier this week, the company received positive battery test results from NOVONIX Ltd, demonstrating that its high purity lithium extends battery life.
NOVONIX compared cathode powder synthesized using commercial lithium metal hydroxide precursors to Anson’s lithium product to provide real-world comparisons.
Anson’s 99.9% purity lithium carbonate retains more of the available capacity after the first training cycle, while ultra-high precision coulometric testing (UHPC) clearly showed losses. lower capacity.
Paradox statement
Anson chief executive officer Bruce Richardson said test results demonstrated the viability of Paradox Brine’s flagship project in Utah, from which Anson sources lithium.
“The lithium carbonate and lithium hydroxide produced from Paradox brines have the necessary specifications that manufacturers of Level 1 batteries may require. “
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