Sign up United Kingdom
Proactive Investors - Run By Investors For Investors
Why invest in AEC?
Anfield Energy Inc.: THE INVESTMENT CASE

Anfield Energy focuses on energy metals, in particular uranium and vanadium

Anfield Energy has a suite of attractive assets containing uranium and vanadium
Anfield Energy focuses on energy metals, in particular uranium and vanadium
Anfield is continuing to build its uranium resource base

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.

View full AEC profile View Profile

Anfield Energy Inc. Timeline

Related Articles

oil and gas operations
August 02 2018
The agreement includes up to US$35mln in costs regarding the development of Aminex’s remaining 25% interest in the Ruvuma PSA, which would include the Ntorya project
oil wells
July 13 2018
Columbus’s own production averaged 553 barrels per day over the quarter to June
oil and gas operations
April 19 2018
The first two potential new wells will be drilled in around 45 days, and investors will be keen to see the results

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use