04:01 AM EDT, 06/11/2026 (MT Newswires) -- Posco Holdings ( PKX ) has signed a definitive contract to construct and manage a direct lithium extraction demonstration facility at the Green River project in Utah, Anson Resources said Thursday.

Posco will entirely finance the site's engineering and operations while providing a $5.2 million facilitation payment, the company said.

The facility is intended to confirm the commercial viability of the processing system in 2027 and finish the project by 2028, Anson Resources said.

Shares of the company were down over 1% in Thursday premarket activity.