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Uranium group Anfield Resources runs through 2017 achievements so far

The company is focused on two near term production assets.
Uranium group Anfield Resources runs through 2017 achievements so far
A Utah landscape

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.

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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Anfield Energy Inc Timeline

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