Proactiveinvestors USA & Canada Anfield Energy Inc. https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Anfield Energy Inc. RSS feed en Fri, 24 May 2019 04:12:33 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Anfield Energy set for $2M raise to develop Charlie project ]]> https://www.proactiveinvestors.com/companies/news/215848/anfield-energy-set-for-2m-raise-to-develop-charlie-project-215848.html Anfield Energy Inc (OTCMKTS:ANLDF) (CVE:AEC) has arranged a non-brokered private placing to raise $2 million.

Proceeds will be used for the development of the Charlie project in Wyoming, property costs and general working capital.

The firm will issue 10 million units at $0.20 each, with each unit consisting of one share and purchase warrant, which entitles the bearer to buy a further share for $0.30 for three years.

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Tue, 05 Mar 2019 11:56:00 -0500 https://www.proactiveinvestors.com/companies/news/215848/anfield-energy-set-for-2m-raise-to-develop-charlie-project-215848.html
<![CDATA[News - Anfield Energy looking to advance Charlie project this year as it positions itself for market turnaround ]]> https://www.proactiveinvestors.com/companies/news/215730/anfield-energy-looking-to-advance-charlie-project-this-year-as-it-positions-itself-for-market-turnaround-215730.html Anfield Energy Inc (OTCMKTS:ANLDF) (CVE:AEC) says it will look to advance its Charlie ISR (in-situ leaching) project in 2019 while creating a pipeline of similar projects in the state of Wyoming as it sees global trends for uranium improving.

"Anfield continues to execute on its strategy to create two asset hubs – one ISR-based, the other conventional – in order to be well-placed in an improving uranium market," it said in a shareholder letter outlining plans for this year.

READ: Anfield Energy closes purchase of Charlie Project in Wyoming to boost uranium capability

ISR is a method where the orebody is leached underground, requiring little surface disturbance, while conventional mining of uranium involves extracting it from the ground before processing.

Anfield highlighted Monday that its access to production in both states of Wyoming and Utah placed it within a very small subset of US-based uranium firms.

"This is critical as US utilities are highly likely to offer long-term purchase contracts to only those parties who have near-term access to production capacity, it said.

As widely reported, the US government is currently investigating the dependence of U.S.based utilities on foreign uranium supply as a matter of national security and America is the largest global consumer of uranium, yet its domestic uranium producers account for less than 1% of the volume.

"The potential of a quota could lead to a significant portion of U.S. uranium demand being supplied by domestic producers which could result in a market in which a premium is placed on U.S. uranium production. A final decision is expected in mid-2019," said the company.

Shortfall globally

Looking wider, there remains a shortfall of global uranium, while primary supply cannot meet current demand, and secondary supply continues to dwindle, said Anfield.

While challenges remain, positive signs include China pushing to increase capacity in the near term and utility contracts not being renewed, which means there is now uncovered demand of greater than 75%, it added.

Anfield says it has been actively seeking assets which would improve its position in a strengthening uranium market.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 04 Mar 2019 09:14:00 -0500 https://www.proactiveinvestors.com/companies/news/215730/anfield-energy-looking-to-advance-charlie-project-this-year-as-it-positions-itself-for-market-turnaround-215730.html
<![CDATA[News - Anfield Energy closes purchase of Charlie Project in Wyoming to boost uranium capability ]]> https://www.proactiveinvestors.com/companies/news/215626/anfield-energy-closes-purchase-of-charlie-project-in-wyoming-to-boost-uranium-capability-215626.html Anfield Energy Inc (OTCMKTS:ANLDF) (CVE:AEC) said Friday that it has closed its purchase of the Charlie Project in Wyoming and the West Slope Project in Colorado from Cotter Corp.

Under their deal, Colorado-based Cotter received 11 million common shares of Anfield for a 20% stake and a deemed value of C$1.8 million. The West Slope Project is made up of nine past-producing uranium and vanadium properties.

“As uranium and vanadium markets continue to trend upwards, buoyed by burgeoning demand and declining supply, we are now even better-positioned for production at the appropriate time,” Anfield CEO Corey Dias said in a statement.

READ: Anfield Energy inks deal to acquire uranium projects in Wyoming and Colorado

With in-situ recovery (ISR) mining, minerals are gathered by drilling boreholes into a deposit and then pumping in leaching solution. A solution bearing the dissolved ore is then pumped out.

As part of the closing, BRS Inc revised its uranium resource estimate for the Charlie Project on behalf of Anfield. In connection with the revised resource estimate, the company intends to file an updated technical report that will be available under the company’s profile on SEDAR.

Anfield, a uranium and vanadium development company based in Vancouver, said it’s committed to becoming a top-tier, energy-related fuels supplier through sustainable, efficient growth.

Shares of Anfield traded at C$0.21 in Thursday’s Canadian trading.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 01 Mar 2019 08:40:00 -0500 https://www.proactiveinvestors.com/companies/news/215626/anfield-energy-closes-purchase-of-charlie-project-in-wyoming-to-boost-uranium-capability-215626.html
<![CDATA[News - Anfield Energy boosts private placement to C$3.5mln on the back of high demand ]]> https://www.proactiveinvestors.com/companies/news/201372/anfield-energy-boosts-private-placement-to-c35mln-on-the-back-of-high-demand-201372.html Anfield Energy Inc. (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) announced today that it has boosted its non-brokered private placement to C$3.5mln.

The company said funds will be used to develop Anfield’s uranium and vanadium assets, property costs and general working capital.

The company will issue 17.5mln units at a price of C$0.20.

Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of C$0.40 for a period of five years.

The company said finders' fees may be paid.

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Thu, 12 Jul 2018 14:16:00 -0400 https://www.proactiveinvestors.com/companies/news/201372/anfield-energy-boosts-private-placement-to-c35mln-on-the-back-of-high-demand-201372.html
<![CDATA[News - Anfield Energy welcomes experienced uranium geologist to board ]]> https://www.proactiveinvestors.com/companies/news/201369/anfield-energy-welcomes-experienced-uranium-geologist-to-board-201369.html Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF) said it had appointed experienced uranium geologist Stephen Lunsford as a director.

His experience in the sector spans four decades, with experience generated through his time working with the likes of Cameco Resources Inc (TSX:CCO), American Nuclear Corp. and Power Resources Inc.

He was also involved in a feasibility study completed by PRI for Cotter with regard to Anfield’s recently-acquired Charlie project in Wyoming.

We are excited to have someone of Mr. Lunsford’s calibre joining our board of directors,” said Anfield chief executive Corey Dias.

“His successful career spanning four decades in the uranium industry with well-known entities in the sector, such as Cameco and PRI, is impressive, and his extensive knowledge of Wyoming uranium will prove to be a great value to the company as we move our projects forward.

"Moreover, his direct knowledge with regard to the Charlie project could allow Anfield to further streamline our path to production.”

Lunsford began his career with American Nuclear Corp in 1972 where he began as a field geologist supervising field programs for as many as seven drill rigs.

From 2006 until his retirement in 2013, he was senior evaluation geologist for PRI/Cameco Resources.

He generated uranium prospects internally and evaluated prospects submitted from outside sources.

Anfield  is focused on two production centres. In Wyoming it has inked a resin processing agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant.

A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah, which is strategically located within one of the historically most prolific uranium production areas in the USA , and is one of only three licensed uranium mills in the US.

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Wed, 23 May 2018 14:25:00 -0400 https://www.proactiveinvestors.com/companies/news/201369/anfield-energy-welcomes-experienced-uranium-geologist-to-board-201369.html
<![CDATA[News - Anfield Energy excited after identifying potential vanadium targets in Colorado and Utah ]]> https://www.proactiveinvestors.com/companies/news/201366/anfield-energy-excited-after-identifying-potential-vanadium-targets-in-colorado-and-utah-201366.html Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF) has found potential vanadium targets after it recently bought an exploration database of mining projects in the Western United States.

The targets in both Colorado and Utah complement Anfield’s Utah-based Shootaring Canyon mill as Anfield could include a vanadium processing circuit here.

They could also  serve as a potential extended vanadium project pipeline beyond the Velvet-Wood uranium/vanadium project.

Anfield revealed that its prospective energy partners have shown an increasing interest in its vanadium assets due to the recent upturn in the vanadium price – from between US$4.00 and US$15.00 per pound.

“The identification of potential vanadium targets in in our recently-acquired database offers a distinct advantage to the company, said Corey Dias, Anfield's chief executive.

"Anfield has already identified a vanadium exploration target of between 6.3 million pounds and 9.7 million pounds at its past-producing Velvet-Wood uranium mine – at which vanadium was previously produced as a byproduct – and the potential to create a significant pipeline of vanadium projects is compelling," said Dias.

"This is even more attractive to Anfield as it holds one of only three licensed, permitted and constructed uranium mills in the U. S., and the ability to add a vanadium processing circuit to the Shootaring Canyon mill provides a strategic advantage to the company in relation to its peers as Anfield could accelerate the vanadium production process."

Dias highlighted that vanadium was increasingly being embraced by battery manufacturers as a core material in the production of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage. 

"This ranges from grid-scale uses, such as Prudent Technology’s use of a VFB for its solar installation in Italy, to smaller-scale uses such as Warren Buffett’s BYD company using vanadium batteries for its electric vehicles and Subaru using a VFB to power its Subaru G4e vehicle," he said.

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Wed, 25 Apr 2018 13:56:00 -0400 https://www.proactiveinvestors.com/companies/news/201366/anfield-energy-excited-after-identifying-potential-vanadium-targets-in-colorado-and-utah-201366.html
<![CDATA[News - Anfield Energy buys "extensive" database of uranium and vanadium exploration data for Western USA ]]> https://www.proactiveinvestors.com/companies/news/201362/anfield-energy-buys-extensive-database-of-uranium-and-vanadium-exploration-data-for-western-usa-201362.html Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF) told investors it has bought an "extensive" exploration database of uranium and vanadium projects in the Western United States.

This new database, together with Anfield’s already substantial uranium database, constitutes one of the largest depositories of uranium exploration data in the region, it said.

"This acquisition will help to further our efforts to update, or potentially expand, our uranium resources on our 25 Wyoming uranium properties in an even more timely fashion, while allowing us to identify complementary claims or projects," said Corey Dias, the Anfield chief executive.

"Given that we have completed resource reports on only three of our 25 projects, we believe that the acquired data could provide us with an accelerated path to resource delineation."

The database includes extensive physical and digital files and covers over 50 years' exploration and development activity and includes maps, geological studies, prospects, drilling data, exploration reports, resource evaluations and other strategic data.

The data will be catalogued and integrated with Anfield’s existing database, and used to not only enhance its current project portfolio but also target properties that will complement its current uranium and vanadium properties.

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Thu, 19 Apr 2018 12:02:00 -0400 https://www.proactiveinvestors.com/companies/news/201362/anfield-energy-buys-extensive-database-of-uranium-and-vanadium-exploration-data-for-western-usa-201362.html
<![CDATA[News - Anfield Energy set for Taylor Ranch uranium project resource report following Nine Mile Lake uranium resource ]]> https://www.proactiveinvestors.com/companies/news/201361/anfield-energy-set-for-taylor-ranch-uranium-project-resource-report-following-nine-mile-lake-uranium-resource-201361.html Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) has hired BRS Engineering to complete a mineral resource for its Taylor Ranch uranium project in Wyoming - the fifth of its 25 projects.

Taylor Ranch project was bought from Uranium One Americas Inc (Uranium One) in September 2016 and is one of the 25 uranium mining properties acquired in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas of Wyoming.

“We are pleased to update and further delineate another uranium resource from amongst the 25 uranium projects acquired in Wyoming, said Corey Dias, Anfield CEO.

"Including the recently-commissioned Charlie Project resource report, this will be only the fifth NI 43-101 resource report commissioned for our Wyoming projects."

So far, the firm's three completed resource reports have increased its indicated uranium resource by around 3.6mln pounds and its inferred resource by around 4.5mln pounds.

"Given that 80% of Anfield’s Wyoming projects have yet to be addressed in terms of resource delineation, we believe a significant pipeline is emerging. Importantly, Anfield remains on course to deliver on its strategy of creating a long-term viable uranium production complex in Wyoming as a vital part of its portfolio of U.S. uranium assets."

Earlier this month, the group unveiled an NI 43 101 report for its Nine Mile Lake uranium project in Natrona County, Wyoming.

That showed an indicated resource of 2.108mln tons with an average grade of 0.059%, which is equivalent to an indicated resource of 2.504mln pounds of uranium.

The inferred resources is 1.297mln tons of mineralized material with an average grade of 0.070% , which is equivalent to an inferred resource of 1.804mln pounds of uranium.

"We are very pleased to announce the receipt of this resource report. Since acquiring 24 Wyoming uranium projects from Uranium One in 2016, we have committed to updating and confirming resources held on those properties," said Corey Dias.

"This report is the third to have been completed, and there remains a significant opportunity to delineate further uranium resources on the remaining 21 projects.

"Moreover, with the Charlie project resource report expected to be completed within the next 60 days, we expect to see continued significant growth in our uranium resource base.

"Finally, Anfield remains on course to deliver on its strategy of creating a viable uranium production complex in Wyoming as it looks to pair its resource base with the Resin Processing Agreement it has in place with Uranium One whereby it can process up to 500,000 pounds of uranium per year at Uranium One’s Irigaray Central Processing Plant.”

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Wed, 11 Apr 2018 11:52:00 -0400 https://www.proactiveinvestors.com/companies/news/201361/anfield-energy-set-for-taylor-ranch-uranium-project-resource-report-following-nine-mile-lake-uranium-resource-201361.html
<![CDATA[News - Anfield Energy set for a resource report at Charlie project ]]> https://www.proactiveinvestors.com/companies/news/201353/anfield-energy-set-for-a-resource-report-at-charlie-project-201353.html Anfield Energy Inc (CVE:AEC; OTCQB: ANLDF; FRANKFURT: 0AD) revealed that BRS Engineering Inc has begun work on a resource report for the recently acquired  Charlie uranium project in Wyoming.

BRS will use the data from previous exploration activities and estimates that it will complete the report within 60 days.

“We are very pleased to begin updating the technical reports on the Charlie Project, and anticipate, based on previous reports commissioned by Cotter Corporation, that the BRS report will be positive," said Corey Dias, the Anfield chief executive.

"We view Charlie as an extremely strategic asset in our portfolio due not only to its advanced nature but also to its close proximity to two of Uranium One’s currently-producing mines and its uranium satellite processing plant where Anfield has a processing agreement.

"Based on the new report we would hope to quickly move into the next development phase on the Charlie project.”

The property lies in the Powder River Basin in Wyoming near an existing uranium ISR (in-situ recovery) mine and operating oilfields which have road and power line infrastructure.

Previous owners and operators have conducted sufficient exploration drilling to delineate a portion of a major roll-front system which crosses the property and continues on to adjacent lands.

As a result of this previous work, a database of over 1300 drill holes is available as well as several hydrological, analytical and mineralogical reports.

In January 1995 Power Resources Inc (PRI) completed what it defined as a “feasibility study” under an agreement with Cotter Corp for development as an ISR mine.

PRI estimated what it defined as "total geologic (indicated and inferred) ore reserves” for the project based on a data from some 1,252 exploration drill holes using an initial cutoff of 2 feet of 0.02 % uranium.

This resulted in range of 3.1 to 4.6mln pounds of uranium oxide.

Anfield considers these estimates to be historical and cautions that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves.

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Mon, 26 Mar 2018 10:32:00 -0400 https://www.proactiveinvestors.com/companies/news/201353/anfield-energy-set-for-a-resource-report-at-charlie-project-201353.html
<![CDATA[News - Anfield Energy set to acquire Charlie ISR uranium project ]]> https://www.proactiveinvestors.com/companies/news/201351/anfield-energy-set-to-acquire-charlie-isr-uranium-project-201351.html Anfield Energy Inc (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) is to buy an advanced uranium project in Wyoming, USA , it told investors.

It has struck a term sheet with Cotter  Corp to acquire the Charlie ISR (in-situ recovery) uranium project, which is in the Pumpkin Buttes Uranium District in Johnson County.

It consists of a whopping 720-acre Wyoming State uranium lease which has been in development since 1969 and sits immediately adjacent to two of Uranium One’s producing mines.

"We are excited to add the Charlie Project to our portfolio of uranium properties, said chief executive Corey Dias.

"It is a critical component of our strategy to create a robust mine-and-mill production complex in Wyoming.

"We are now well-positioned for production when market conditions are right. 

"The Charlie Project is one of the most-advanced uranium properties in the United States and Anfield has a resin processing agreement in place with nearby Uranium One to produce up to 500,000 pounds of uranium per year at its existing processing facility. 

"Moreover, in building a significant resource pipeline we are continuing to update and delineate uranium resources at the 24 Wyoming uranium projects acquired from Uranium One in 2016.

"These projects complement our conventional assets, including the Shootaring Canyon Mill, allowing us to bring projects on stream optimally according to market conditions and potential contracts."

Falling uranium prices in the 1980s halted further development of the site .

But in January 1995 Power Resources Inc (PRI) completed what it defined as a “feasibility study” under an agreement with Cotter Corp for development as an ISR mine. 

PRI estimated what it defined as "total geologic (indicated and inferred) ore reserves” for the project based on a data from some 1,252 exploration drill holes using an initial cutoff of 2 feet of 0.02 % uranium.

This resulted in range of 3.1 to 4.6mln pounds of uranium oxide.

Anfield considers these estimates to be historical and cautions that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves.

The transaction will be settled with shares of Anfield to Cotter equal to a 10% ownership interest in Anfield, with Cotter retaining a 20% interest in all yellowcake production from the project.

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Mon, 12 Mar 2018 10:19:00 -0400 https://www.proactiveinvestors.com/companies/news/201351/anfield-energy-set-to-acquire-charlie-isr-uranium-project-201351.html
<![CDATA[News - Anfield Energy focuses on energy metals, in particular uranium and vanadium ]]> https://www.proactiveinvestors.com/companies/news/192195/anfield-energy-focuses-on-energy-metals-in-particular-uranium-and-vanadium-192195.html Anfield Energy Inc (CVE:AEC) is focused on energy metals, in particular uranium and vanadium. It’s not just an exploration play, however. In addition to attractive exploration opportunities in Arizona, Utah, Colorado and Wyoming, the company also owns the Shootaring Canyon Mill in Garfield County, Utah, one of only three licensed uranium mills in the United States.

Uranium exploration assets

Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, and Arizona in areas where past uranium mining or prospecting occurred.

Anfield’s uranium assets include the Velvet-Wood project in Utah, the Frank M project, and the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.

Resource pending for Nine Mile project

Nine Mile in Wyoming is of particular interest currently, as Anfield commissioned BRS Engineering in November 2017 to complete a mineral resources report for the project.

Nine Mile is part of a portfolio of 24 Wyoming properties acquired in 2016 from Uranium One.

Existing resource on two Wyoming Properties

Anfield has already reported a resource at two properties acquired in this transaction. At Clarkson Hill, it has demonstrated at 957,000 tons of ore inferred, with an average uranium equivalent grade of 0.058% U3O8.

Meanwhile, at Red Rim, the company has proved up an indicated resource of 336,655 tons of mineralised material with an average grade of 0.17% e U3O8, and an inferred resource of 472,988 tons of mineralised material with an average grade of 0.163% e U3O8.

Resin Processing Agreement

A key aspect of this acquisition of the Wyoming properties was an agreement with Uranium One that will allow Anfield to process up to 500,000 pounds of uranium at Uranium One’s Irigaray processing plant.

Shootaring Canyon Mill

The Shootaring Canyon Mill is located approximately 48 miles south of Hanksville, Utah. It’s one of three licensed conventional uranium mills in the United States, and is licensed as a conventional acid-leach facility to process up to 750 tons of ore per day.

The mill was built in 1980 and commenced operations in 1982, but ceased operations due to the depressed price of uranium.

Surface stockpiles at the facility include an estimate of 370,000 pounds of U3O8 at an average grade of 0.147%.

Additional vanadium upside

At the end of 2017, Anfield revealed the existence of a conceptual vanadium target at the Velvet-Wood project.

Under the auspices of NI43-101, Anfield reckons the target at between 6.3 mln pounds and 9.7mln pounds of vanadium in ore, with grades running at between 0.4% V2O5.

Anfield is at pains to point out that at this stage, the target is purely conceptual in nature.

Nevertheless, it is a useful complement to the uranium that’s already in the ground there, as Anfield chief executive Cory Dias says:

“We believe that the recent upsurge of interest in vanadium provides Anfield with a unique opportunity to create a vanadium co-product production plan” which will both complement and enhance the attractiveness of uranium extraction at the Velvet-wood mine.”

It's worth noting that vanadium was the best performing battery metal in both 2017 and 2016.

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Mon, 26 Feb 2018 09:14:00 -0500 https://www.proactiveinvestors.com/companies/news/192195/anfield-energy-focuses-on-energy-metals-in-particular-uranium-and-vanadium-192195.html
<![CDATA[News - Anfield Resources to change its name to Anfield Energy to emphasize focus on energy metals ]]> https://www.proactiveinvestors.com/companies/news/189258/anfield-resources-to-change-its-name-to-anfield-energy-to-emphasize-focus-on-energy-metals-189258.html Anfield Resources Inc. (CVE:ARY) is changing its name to Anfield Energy Inc (CVE:AEC).

The change in name reflects a desire to emphasize the company's focus on energy metals.

In addition, Anfield announced it will be consolidating its 209,443,580 outstanding common shares on a 10:1 basis. Both actions will take effect as of the market open on December 27, 2017.

"We believe that this name change better reflects our position as an energy metals entity. As such an entity, advancing our uranium assets and evaluating the potential of our vanadium assets present very appealing market opportunities. Hence our company strategy is to continue pursuing and developing assets which enhance our position and market value," said Corey Dias, Anfield's chief executive officer.

Anfield also announced the retirement of Stephen Butrenchuk from the board of directors, effective December 31, 2017.

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Fri, 22 Dec 2017 12:22:00 -0500 https://www.proactiveinvestors.com/companies/news/189258/anfield-resources-to-change-its-name-to-anfield-energy-to-emphasize-focus-on-energy-metals-189258.html
<![CDATA[News - Anfield Resources' Velvet-Wood completes vanadium target report at Velvet-Wood mine ]]> https://www.proactiveinvestors.com/companies/news/188749/anfield-resources-velvet-wood-completes-vanadium-target-report-at-velvet-wood-mine-188749.html Anfield Resources Inc. (CVE:ARY) said BRS Engineering Inc has completed an exploration target report at its Velvet-Wood mine, located in Utah.

The exploration target report by BRS Engineering, shows a vanadium exploration target of between 6.3 million pounds and 9.7 million lb at a grade of between 0.4% V2O5 (vanadium oxide) and 0.61% V2O5.

READ: Anfield Resources to assess vanadium processing option for Shootaring Canyon mill

The potential quantities and grades are conceptual in nature and have been approximated.

The company said there has been insufficient exploration to define a mineral resource for vanadium.

It is also uncertain if additional exploration will result in the exploration target being delineated as a mineral resource.

Corey Dias, Anfield's chief executive officer, said: "We are pleased to announce a vanadium exploration target at our Velvet-Wood mine, which builds on the historical production of five million pounds of vanadium at this site -- as stated in our 2016 preliminary economic assessment for the Velvet-Wood project.

READ: Anfield Resource hires BRS Engineering to evaluate vanadium potential at Velvet-Wood mine

“We believe that the recent upsurge of interest in vanadium provides Anfield with a unique opportunity to create a vanadium co-product production plan," which will both complement and enhance the attractiveness of uranium extraction at the Velvet-wood mine.

The current mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8 at a grade of 0.29% U3O8 (measured and indicated resource) and 552,000 pounds of U3O8 at a grade of 0.32% U3O8 (inferred resource).

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Wed, 13 Dec 2017 09:54:00 -0500 https://www.proactiveinvestors.com/companies/news/188749/anfield-resources-velvet-wood-completes-vanadium-target-report-at-velvet-wood-mine-188749.html
<![CDATA[News - Anfield Resources hires Toronto-based FronTier Merchant for IR ]]> https://www.proactiveinvestors.com/companies/news/188737/anfield-resources-hires-toronto-based-frontier-merchant-for-ir-188737.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, has hired Toronto-based FronTier Merchant Capital Group to provide investor relations and marketing services.

It will aid the group by increasing market awareness using a number of financial market initiatives, including in-person introductions to prospective investors, and through media on national television, radio and multiple on-line channels, said Anfield.

FronTier has been retained for a 12-month period at $87,000 per year.

The company will also grant stock options to FronTier. FronTier and its principals own a total of 2.5 million shares of Anfield, purchased at six cents per share.

Earlier this month, Anfield said it was mulling the feasibility of adding a vanadium processing facility to its Shootaring Canyon uranium mill in Utah and has hired  BRS Engineering to update the NI 43-101 preliminary economic assessment (PEA) for its Velvet-Wood mine to include a vanadium milling circuit.

Anfield describes itself as an energy metals exploration, development and near-term production company.

It is listed on the TSX Venture Exchange (ARY), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

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Wed, 13 Dec 2017 07:43:00 -0500 https://www.proactiveinvestors.com/companies/news/188737/anfield-resources-hires-toronto-based-frontier-merchant-for-ir-188737.html
<![CDATA[News - Anfield Resources to assess vanadium processing option for Shootaring Canyon mill ]]> https://www.proactiveinvestors.com/companies/news/188280/anfield-resources-to-assess-vanadium-processing-option-for-shootaring-canyon-mill-188280.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, was back talking vanadium potential on Tuesday.

It said it was mulling the feasibility of adding a vanadium processing facility to its Shootaring Canyon uranium mill in Utah and has hired  BRS Engineering to update the NI 43-101 preliminary economic assessment (PEA) for its Velvet-Wood mine to include a vanadium milling circuit.

As reported last month, the group has hired the same group to update its resource report to include a vanadium exploration target.

An  excited Corey Dias, Anfield's chief executive, said in a regulatory statement:

"Importantly, the Velvet mine has historically produced 4 million pounds of uranium and 5 million pounds of vanadium.

"While uranium production remains our core pursuit -- especially in the current environment, where uranium producers Cameco and Kazatomprom have announced a combined uranium production cut of over 40 million pounds over 3 years -- we are nevertheless committed to seeing the effective development and production of vanadium resources contained and commingled in our feedstock ore.

"Importantly, a positive outcome related to this evaluation could have a positive effect on our uranium production scenario through by-product credits which will reduce our overall operating costs."

Shootaring Canyon is one of only three licensed conventional uranium mills in the US and lies around 48 miles (77km) south of Hanksville, Utah.

It is a conventional acid-leach facility that is permitted to process up to 750 tonnes of ore per day, with a capacity to process up to 1,000 tonnes per day.

Meanwhile, based on historical production, the Velvet-Wood Mine has the potential to be a significant source of vanadium.

Between 1979 and 1984, Atlas Minerals mined around 400,000 tons of ore from the Velvet Deposit at grades of 0.46% U3O8 (uranium) and 0.64% V2O5 (vanadium), recovering around 4mln pounds of U3O8 and 5 million pounds of V2O5.

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Tue, 05 Dec 2017 08:51:00 -0500 https://www.proactiveinvestors.com/companies/news/188280/anfield-resources-to-assess-vanadium-processing-option-for-shootaring-canyon-mill-188280.html
<![CDATA[News - Anfield Resource hires BRS Engineering to evaluate vanadium potential at Velvet-Wood mine ]]> https://www.proactiveinvestors.com/companies/news/187597/anfield-resource-hires-brs-engineering-to-evaluate-vanadium-potential-at-velvet-wood-mine-187597.html Anfield Resources Inc (CVE:ARY) said it is now placing more emphasis on the vanadium potential at its Velvet-Wood mine in Utah and has engaged BRS Engineering Inc,to update its resource report to include a vanadium exploration target.

The report is expected to be completed within six to eight weeks, the company said in a statement.

READ: Anfield poised for resource estimate at Nine Mile uranium project as it considers its portfolio

In addition, it is also exploring the feasibility of including a vanadium circuit at its Shootaring Canyon uranium mill, that would allow it to process vanadium.

The company explained that its prospective energy partners have shown more interest in its vanadium assets due to the significant rise in the price of vanadium this year.

The current mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 mln pounds of U3O8 at a grade of 0.29% U3O8 (measured and indicated resource) and 552,000 pounds of U3O8 at a grade of 0.32% U3O8 (inferred resource).

Vanadium offers attractive marketing opportunities 

Corey Dias, Anfield's chief executive officer, said: "Vanadium is clearly viewed as an attractive alternative to other battery technology sources.

“Anfield is fortunate in having two energy metal resources together, both with highly positive demand projections: uranium and vanadium."

While 85% of current vanadium production comes from China, Russia and South Africa, it would be clearly an advantage to have a domestic US supply source, given the increasingly geopolitical trade uncertainty, the company said.

With all the developing needs and uses for advanced battery technology, industry spending on energy storage is expected to reach US$200bn in 2020 alone, which provides “attractive marketing opportunities for Anfield,” the company added.

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Tue, 21 Nov 2017 10:19:00 -0500 https://www.proactiveinvestors.com/companies/news/187597/anfield-resource-hires-brs-engineering-to-evaluate-vanadium-potential-at-velvet-wood-mine-187597.html
<![CDATA[News - Anfield poised for resource estimate at Nine Mile uranium project as it considers its portfolio ]]> https://www.proactiveinvestors.com/companies/news/187310/anfield-poised-for-resource-estimate-at-nine-mile-uranium-project-as-it-considers-its-portfolio-187310.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, told investors it will complete a resource estimate for the Nine Mile uranium project in Wyoming, USA.

The property is one that it bought from Uranium One Americas Inc last year, when it acquired 24 Wyoming projects.

READ - Anfield Resources says US Energy Corp now owns 19.2% READ - Anfield Resources brings in C$737,500 via private placing to develop uranium assets

It is only the third Wyoming project for which Anfield is commissioning a resource report.

It comes after news that the world's biggest uranium producer Cameco Corp said it was suspending production from its McArthur River mine in Saskatchewan due to low prices.

The price of the  commodity has sagged since the Fukushima nuclear disaster in Japan in 2011.

"Given the recent Cameco news, we also feel it is an important time to solidify our resource base and determine which of our uranium projects are the most viable," said Corey Dias, Anfield's chief executive, on Wednesday.

"Near-term supply disruptions may continue as the spot price remains below the cost of production of many companies, and long-term utility contracts come to an end.

"We believe that the current uranium price is unsustainable at such low levels, and Anfield is committed to positioning itself as a future uranium producer to coincide with the expected rebound in the uranium price."

As part of the 2016 deal with Uranium One, Anfield said it had also inked a resin processing agreement, whereby Anfield would process up to 500,000 pounds per year of its mined material at Uranium One's Irigaray processing plant in Wyoming.

Shares fell 11% to C$0.04.

So far, Anfield  has release two NI 43-101 resources for two properties acquired from Uranium One - Clarkson Hill, with an inferred resource of 957,000 tons with an average grade of 0.058% of uranium concentrate, estimated to contain 1,113,000 pounds.

Also Red Rim had an indicated resource 336,655 tons of material at an average grade of 0.170% of uranium concentrate.

The inferred resource was 472,988 tons at an average grade 0.163%.

The Nine Mile project is in Natrona county and lies around nine miles north of Casper and both east and west of US Interstate 25.

Roll-front type uranium mineralization occurs in the Teapot Sandstone within the Mesaverde Formation. Between November 1976 and November 1980 a test in situ leach (ISL) plant was operated at the project by Rocky Mountain Energy Company (RME), with mixed results.

Consultant BRS Engineering will complete the  mineral resource report for Nine Mile.

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Wed, 15 Nov 2017 08:58:00 -0500 https://www.proactiveinvestors.com/companies/news/187310/anfield-poised-for-resource-estimate-at-nine-mile-uranium-project-as-it-considers-its-portfolio-187310.html
<![CDATA[News - Anfield Resources says US Energy Corp now owns 19.2% ]]> https://www.proactiveinvestors.com/companies/news/186893/anfield-resources-says-us-energy-corp-now-owns-192-186893.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, reported that U.S. Energy Corp now owns around 19.2% of the stock.

It comes after the latter received $2.5mln worth of shares in Anfield due to  sale of uranium assets, which was announced in August this year.

Payments for this sale were staged as three issues of Anfield shares, with the most recent and final $1mln consisting of over 24.9mln shares of Anfield.

Anfield said that U.S. Energy expects to use the holdings as collateral until being monetized and allocated toward development capital, as market conditions warrant.

U.S. Energy divested all remaining mining assets during 2016 and no longer has any mining related interests.

Anfield shares  fell 12.5% to C$0.035 in Toronto.

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Tue, 07 Nov 2017 10:56:00 -0500 https://www.proactiveinvestors.com/companies/news/186893/anfield-resources-says-us-energy-corp-now-owns-192-186893.html
<![CDATA[News - Anfield Resources brings in C$737,500 via private placing to develop uranium assets ]]> https://www.proactiveinvestors.com/companies/news/185072/anfield-resources-brings-in-c737500-via-private-placing-to-develop-uranium-assets-185072.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, has raised C$737,500 via a private placing to advance its uranium ambitions.

The group issued over 12.29mln units to nine placees, with each unit consisting of one share and one warrant.

READ - Anfield Resources' uranium mining ambitions bolstered with latest resource estimate

Each warrant entitles the holder to buy a further share for 10 cents each for 60 months.

Anfield is focused on two near term production assets.

One is the Shootaring Canyon Mill in Garfield County, Utah -  the company's main conventional uranium project.

This lies within one of the historically most prolific uranium production areas in America, and is one of only three licensed uranium mills in the USA.

Within a 125 mile radius of the Shootaring mill lies the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe.

In Wyoming, it has the Irigaray ISR (in-situ recovery) processing plant.

These  unconventional projects lie in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September last year.

Anfield has agreed to enter into a 'resin processing agreement' with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One's Irigaray Central Processing Plant in Wyoming.

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Wed, 04 Oct 2017 13:21:00 -0400 https://www.proactiveinvestors.com/companies/news/185072/anfield-resources-brings-in-c737500-via-private-placing-to-develop-uranium-assets-185072.html
<![CDATA[News - Anfield Resources' uranium mining ambitions bolstered with latest resource estimate ]]> https://www.proactiveinvestors.com/companies/news/182143/anfield-resources-uranium-mining-ambitions-bolstered-with-latest-resource-estimate-182143.html Anfield Resources Inc's (CVE:ARY) uranium mining aims in Wyoming took a step further today  - as the group unveiled an NI 43 101 resource estimate for its Clarkson Hill project.

This showed an inferred resource of 957,000 tons of material with an average grade of 0.058% uranium.

It was the equivalent of an inferred resource of 1,113,000 pounds of U3O8 (uranium).

READ - Uranium group Anfield Resources runs through 2017 achievements so far READ - Anfield Resources geared up for uranium turnaround as it raises $3.1mln in placing

"This report reflects Anfield's continued drive to both identify and delineate the uranium resource on the company's properties in Wyoming in an effort to determine which of these projects are the most prospective," said Corey Dias, Anfield's chief executive.

"Ultimately, Anfield aims to pair a future viable uranium resource with the Resin Processing Agreement it has in place with Uranium One in Wyoming whereby it can process up to 500,000 pounds of uranium per year at Uranium One's Irigaray Central Processing Plant."

In the US state of Wyoming, Anfield holds the Irigaray ISR (in-situ recovery) processing plant, and 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases, which it acquired from Uranium One in September last year.

This latest Clarkson Hill Report is the second in a series of NI 43-101 reports related to Anfield's 24 Wyoming uranium projects, the company said in the statement today.

Clarkson Hill consists of around 500 acres of the mineral holdings of Anfield, and includes 25 unpatented mining lode claims around 20 air miles southwest of Casper.

Shares surged over 9% in Toronto to C$0.06.

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Tue, 08 Aug 2017 10:17:00 -0400 https://www.proactiveinvestors.com/companies/news/182143/anfield-resources-uranium-mining-ambitions-bolstered-with-latest-resource-estimate-182143.html
<![CDATA[News - Anfield Resources launches early warrant exercise program ]]> https://www.proactiveinvestors.com/companies/news/181947/anfield-resources-launches-early-warrant-exercise-program-181947.html Uranium group Anfield Resources Inc (CVE:ARY) announced the launch of an early warrant exercise program.

It covers millions of warrants issued between August 25, 2015 and March 3 this year.

It will mean the price of the warrants will be temporarily reduced to allow holders to acquire 1.6 Anfield shares for 10 cents - or effectively, an exercise price per warrant of 6.25 cents.

In order to qualify for the program,  warrants must be exercised before 5pm on August 25, the company said.

Anfield is an energy metals exploration, development and near-term production company.

Last week, it outlined a busy 2017 so far, in which it has closed two financings totalling $6mln to be used to develop its projects.

The company is focused on two near term production assets.

It has the Shootaring Canyon Mill in Garfield County, Utah -  its main conventional uranium project.

And in Wyoming, it has the Irigaray ISR (in-situ recovery) processing plant, and 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September last year.

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Thu, 03 Aug 2017 11:12:00 -0400 https://www.proactiveinvestors.com/companies/news/181947/anfield-resources-launches-early-warrant-exercise-program-181947.html
<![CDATA[News - Uranium group Anfield Resources runs through 2017 achievements so far ]]> https://www.proactiveinvestors.com/companies/news/181504/uranium-group-anfield-resources-runs-through-2017-achievements-so-far-181504.html Anfield Resources Inc (CVE:ARY) walked investors through what has been a busy 2017 so far, in which the uranium-focused group has closed two financings totalling $6mln to be used to develop its projects.

The company is focused on two near term production assets.

READ - Anfield Resources geared up for uranium turnaround as it raises $3.1mln in placing READ - Anfield Resources brings in $3mln via placing

These are the Shootaring Canyon Mill in Garfield County, Utah -  its main conventional uranium project.

In Wyoming, it has the Irigaray ISR (in-situ recovery) processing plant, and 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September last year.

Last week, Anfield announced the closing of the private placing to raise $3.1mln, which will be used to buy projects and develop assets, and for general working capital.

Today, aside from the financings, it provided a list of its achievements in 2017 so far:

Engaged an engineering firm to prepare a series of NI 43-101 technical reports for Anfield's 24 Wyoming-based projects Received an NI 43-101 technical report for the Red Rim uranium project, based in Wyoming Announced that Robert Lumadue, a uranium industry veteran, joined the company as vice-president of uranium sales and marketing. Continued advancing the Shootaring Canyon uranium mill licence toward operational status.

Chief executive Corey Dias said: "Following the closing of our recent financing, we will continue to fund the advancement of our current assets in anticipation of a rebound in the uranium price.

"At the same time, we will also continue to seek opportunities via acquisition and believe that this strategy will provide significant growth prospects for the company.

"Finally, with the addition of a vice-president of uranium sales and marketing, we have ramped up our interaction with a number of U.S.-based utilities with regard to pursuing long-term contracts and are pleased with the feedback we have received.

"We have no doubt that 2017 will be a transformational year for Anfield."

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Wed, 26 Jul 2017 09:50:00 -0400 https://www.proactiveinvestors.com/companies/news/181504/uranium-group-anfield-resources-runs-through-2017-achievements-so-far-181504.html
<![CDATA[News - Anfield Resources geared up for uranium turnaround as it raises $3.1mln in placing ]]> https://www.proactiveinvestors.com/companies/news/181072/anfield-resources-geared-up-for-uranium-turnaround-as-it-raises-31mln-in-placing-181072.html Anfield Resources Inc (CVE:ARY), the energy-focused resource group, has  announced the closing of its previously announced private placing to raise $3.1mln.

The funds will be used to "continue to position" the group for the expected turnaround in the uranium sector as "it is clear that nuclear power will remain an integral part of the global energy mix", Anfield said.

Cash will be used to buy projects and develop assets, and for general working capital.

The firm is focused on two near term production assets.

The Shootaring Canyon Mill..

One is the Shootaring Canyon Mill in Garfield County, Utah -  the company's main conventional uranium project.

This lies within one of the historically most prolific uranium production areas in America, and is one of only three licensed uranium mills in the USA.

Within a 125 mile radius of the Shootaring mill lies the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe.

In Wyoming, it has the Irigaray ISR (in-situ recovery) processing plant.

These  unconventional mining projects lie in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming, and comprise 2,667 federal mining claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September last year.

Anfield has agreed to enter into a 'resin processing agreement' with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One's Irigaray Central Processing Plant in Wyoming.

Anfield issued around 52.1mln units at six cents each for a total raise of $3,127,461.

The units consist of one share and a one share purchase warrant, with each warrant exercisable at ten cents for five years.

Further aquisition opportunities..

Earlier this month,  Corey Dias, Anfield's chief executive, told investors: "These funds will allow us to both meet obligations related to Anfield's current projects and seek out further acquisition opportunities.

"We remain very optimistic about the uranium market.

"With Kazatomprom establishing a marketing arm in Europe in order to position itself as a swing uranium seller, we would expect to see less pressure on the spot price going forward.

"In addition, the reduction in the number of tons of uranium to be sold per year by the U.S. [Department of Energy] should also have a positive effect on the uranium spot price.

"Finally, we believe that the continued pace in the building of nuclear reactors in places such as China, India and the (United Arab Emirates) will spur a continuing rally in uranium prices, and entice both current and new producers to either maintain or expand their production efforts.

"Anfield aims to be a supply contributor once the uranium price reflects this reality."

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Tue, 18 Jul 2017 09:12:00 -0400 https://www.proactiveinvestors.com/companies/news/181072/anfield-resources-geared-up-for-uranium-turnaround-as-it-raises-31mln-in-placing-181072.html
<![CDATA[News - Anfield Resources brings in $3mln via placing ]]> https://www.proactiveinvestors.com/companies/news/180326/anfield-resources-brings-in-3mln-via-placing-180326.html Uranium focused Anfield Resources Inc (CVE:ARY) has raised $3mln via a private placing for project acquisition and development, and general working capital.

The company will issue 50mln units at six cents each, it said in a brief statement.

Each unit consists of one share and  a share purchase warrant, exercisable at 10 cents for a five years.

Corey Dias, Anfield's chief executive, said the group was excited to have closed the financing.

"These funds will allow us to both meet obligations related to Anfield's current projects and seek out further acquisition opportunities.

"We remain very optimistic about the uranium market.

"With Kazatomprom establishing a marketing arm in Europe in order to position itself as a swing uranium seller, we would expect to see less pressure on the spot price going forward.

"In addition, the reduction in the number of tons of uranium to be sold per year by the U.S. [Department of Energy] should also have a positive effect on the uranium spot price.

"Finally, we believe that the continued pace in the building of nuclear reactors in places such as China, India and the (United Arab Emirates) will spur a continuing rally in uranium prices, and entice both current and new producers to either maintain or expand their production efforts.

"Anfield aims to be a supply contributor once the uranium price reflects this reality."

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Tue, 04 Jul 2017 12:55:00 -0400 https://www.proactiveinvestors.com/companies/news/180326/anfield-resources-brings-in-3mln-via-placing-180326.html