18th Oct 2023 14:22
Trident Royalties PLC - mining royalty company - Notes recent announcement from Anson Resources Ltd outlining a 45% increase in its JORC 2012-compliant mineral resource at its Paradox lithium project in the Paradox basin of southeastern Utah, US. Last month, Trident announced the acquisition of a 2.50% net smelter return royalty over all of Anson's project in the Paradox basin, including the Paradox lithium project and the Green River lithium project.
Trident Chief Executive Officer Adam Davidson says: "The material increase in resource following the acquisition of Green Energy highlights the attractiveness of the royalty model, with value add from the acquisition immediately flowing to the royalty. Anson continues to progress Paradox aggressively and we are pleased with the significant amount of activity that has occurred within the short time since we acquired the royalty. With this royalty giving us further exposure to battery metals, and in this instance direct lithium extraction, we look forward to further progress as Anson advances Paradox towards a development decision."
Current stock price: 36.00 pence, up 5.9%
12-month change: down 21%
By Greg Rosenvinge, Alliance News reporter
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