BUZZ-Australia's Anson Resources jumps on ramping up production at US plant
Reuters · 09/15 04:52
BUZZ-Australia's Anson Resources jumps on ramping up production at US plant

Updates

** Shares of Anson Resources ASN.AX rise as much as 10% to A$0.165, their biggest intraday pct gain since June 21

** Stock hits highest level since Aug. 11; up for third consecutive session

** Mineral explorer ramps up lithium carbonate production at its sample demonstration plant in Paradox project in U.S.

** Says ramping up of production to meet demand from potential offtake partners

** Ramping up sample production a key step in Anson's qualification process with potential offtake partners - co

** Says production expected to increase further to reach 1tpa by end of 2023

** Stock set for a ~8.3% gain for the week

** ASN down 18.9% YTD, as of last close


(Reporting by John Biju and Upasana Singh in Bengaluru)

((John.Biju@thomsonreuters.com;))