Anson Resources Limited (ASX:ASN) entered into a non-binding term sheet to acquire Green Energy Lithium Project from Legacy Lithium (Utah) LLC on June 12, 2023. Anson Resources Limited (ASX:ASN) entered into a definitive agreement to acquire Green Energy Lithium Project from Legacy Lithium (Utah) LLC for $1.2 million on July 14, 2023. The consideration of $1.035106 million in cash and 15,060,981 ordinary shares in the company and reimbursement of certain fees and costs payable to the Bureau of Land Management in connection with the Property. One-eighth (1/8) of the Consideration Shares will be issued on closing of the Transaction (?Closing?), with the remainder of the Consideration shares being subject to an escrow arrangement whereby one-quarter (1/4) of such shares will be released from escrow every six (6) months after Closing. The transaction is subject to the approval of Legacy shareholders, to be obtained at a special meeting of Legacy Shareholders, the Australian Securities Exchange and customary closing conditions. Additional details of the Transaction will be set forth in the information circular prepared by the Company in connection with the Meeting. Legacy obtained the approval of Legacy shareholders to complete the Transaction at the special meeting of Legacy Shareholders held on September 28, 2023. The Transaction was approved by approximately 99.99% of the votes cast by Legacy Shareholders, with shareholders holding 3,527,614 common shares of Legacy, or 36.5% of the outstanding common shares of Legacy, present in person or represented by proxy at the Meeting. DLA Piper (Canada) LLP acted as legal advisor to Legacy Lithium and Snell & Wilmer L.L.P. acted as legal advisor to Anson Resources Limited. The sale is expected to close on or before October 31, 2023.

Anson Resources Limited (ASX:ASN) completed the acquisition of Green Energy Lithium Project from Legacy Lithium (Utah) LLC on October 16, 2023.