The Big Picture
The most market-moving development heading into the long weekend is Anson Resources securing a roughly $212 million tax credit from Utah to support its Green River lithium project. That level of state support is a shot in the arm for US lithium supply plans and for companies tied to the electric vehicle materials chain.
Beyond lithium, Almonty’s CEO highlighted dramatic revenue growth and stressed the real risk to manufacturers is physical unavailability of tungsten, not higher prices. Meanwhile, recycling and packaging news shows consolidation and regulatory messaging that could nudge demand for recycled feedstocks. Markets were closed on Saturday, Sep 12, so these stories will influence investor focus when US trading resumes Monday, Sep 14.
Market Highlights
Quick facts and numbers to scan before you dig deeper:
- Anson Resources received an approval for about $212 million in Utah tax credits to support the Green River Lithium Project, according to Mining Technology.
- Almonty Industries reported what its CEO described as 498% revenue growth, emphasizing tungsten’s earnings power and the danger of supply interruptions, from an InvestorNews interview.
- Mako Mining finalised a mineral agreement with Guyana and the Guyana Geology and Mines Commission for the Eagle Mountain gold project.
- Plastic Energy transferred ownership of its stake in the TEPEAR chemical recycling plant to TotalEnergies, reflecting a sharpened focus on core operations.
- Cleanfarms named Davin Johnson as director of Western Canada after roles with the organization since 2015, signaling continuity in producer responsibility leadership.
- The Polystyrene Recycling Alliance released a report linking PS packaging safety to its circularity case, a reputational positive for polystyrene recyclers.
Key Developments
Anson’s $212m Utah Tax Credit and the Green River Project
Approval from the Utah Governor’s Office of Economic Development for roughly $212 million in tax credits materially improves the project economics for Anson’s Green River lithium development. For you, that reduces a key funding hurdle and raises the odds the project advances toward construction, but you should remember permitting, capital execution and commodity cycles still matter.
Tungsten’s Earnings Power, Supply Risk and Yttrium Pricing
Almonty’s management emphasized 498% revenue growth and warned that lack of availability, not price alone, hurts manufacturers. InvestorNews also ran an analysis on yttrium underscoring a core point: the true price for rare earths is the price at which defined volumes can actually be delivered to buyers. That’s a reminder that delivery risk can sustain higher realized prices for critical minerals.
Recycling Consolidation and Packaging Circularity
Plastic Energy’s transfer of the TEPEAR plant stake to TotalEnergies signals consolidation and a tighter focus on core competencies. At the same time, Cleanfarms’ appointment of Davin Johnson and the Polystyrene Recycling Alliance’s safety report strengthen policy and industry narratives around recyclable packaging. These moves could boost demand for certain recycled feedstocks and change capital allocation in the plastics-to-chemicals space.
What to Watch
As trading resumes on Monday, Sep 14, watch these catalysts and risks closely.
- Permitting and expense milestones at Green River, plus any updated development timelines from Anson. Will the tax credit speed up financing? What does it change for project milestones?
- Announcements from TotalEnergies or Plastic Energy about TEPEAR operations, throughput expectations or offtake arrangements. That could affect chemical recycling supply chains.
- Further commentary or quarterly results from Almonty and other tungsten producers, since availability concerns can move realized prices and margins quickly.
- Commodity-price moves for lithium, tungsten and rare earths, and any trade or policy actions that affect export and delivery of critical minerals. Can supply tightness reassert itself in the back half of the year?
- Cybersecurity incidents or guidance from mine operators. The sector’s digital transformation increases operational risk, so you’ll want to monitor disclosures around OT cybersecurity and remediation plans.
Be selective when you look at names, and focus on execution milestones, not just press releases. You’ll want to track project-level updates and any concrete offtake or financing news.
Bottom Line
- Anson’s $212m tax credit materially derisks the Green River project and could accelerate development timelines, though permitting and capex execution remain critical.
- Almonty’s revenue surge and CEO comments highlight how physical availability, not price alone, drives earnings power in critical metals like tungsten.
- Recycling sector moves, including the TEPEAR ownership change and polystyrene safety messaging, point to consolidation and improved circularity narratives.
- Cybersecurity is an emerging operational risk as mining digitizes, and it can affect production continuity and cost control.
- These developments suggest upside momentum for projects with secured policy or commercial backing, but you should weigh execution and delivery risks when you assess opportunities.
FAQ Section
Q: How significant is the Utah tax credit for Anson’s Green River lithium project? A: The roughly $212 million approval is significant because it reduces state-level tax exposure and improves project economics, though it does not remove permitting and financing risks.
Q: Why does Almonty say physical availability matters more than price? A: Management argues manufacturers will tolerate higher prices but can’t operate when materials aren’t available, so supply shortages can cause outsized revenue and margin effects.
Q: What should I watch next in recycling and polymers? A: Track ownership or offtake announcements for plants like TEPEAR, regulatory guidance around packaging safety, and industry consolidation that affects recycled feedstock supply.