Anson Resources has received approval for a tax credit worth approximately $212m (A$295.38m) from the Utah Governor's Office of Economic Development (GOED) to support its Green River Lithium Project in Utah's Paradox Basin, US.
The project is owned by A1 Lithium, a fully owned US subsidiary of Australian-listed Anson Resources.
The tax credit has been granted to the company under the state's Rural Economic Development Tax Increment Financing (REDTIF) programme, based on estimated incremental tax revenue over a projected 20-year operating period.
According to the agreement, A1 Lithium plans to create 138 new high-paying jobs over the coming 25 years.
The credit represents 50% of the $425m in projected Utah state tax revenue over two decades from the project.