Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Anfield Resources brings in C$737,500 via private placing to develop uranium assets

Shootaring Canyon Mill lies within one of the historically most prolific uranium production areas in the US
Anfield Resources brings in  C$737,500 via private placing to develop uranium assets
Anfield Resources is developing uranium assets

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.

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.

View full AEC profile View Profile

Anfield Energy Inc. Timeline

Related Articles

Unique design of the mid-body of the Optimum ship
October 02 2018
The company’s Optimum ship is being designed to optimise the transportation of compressed natural gas (CNG).
Forest
October 23 2018
The company has ceased working the low-margin, high-risk wood fibre assets in Ukraine and is focused on its CoalSwitch technology and its forestry management business in Canada
oil and gas operations
September 20 2018
Spirit Energy, majority-owned by British Gas parent Centrica, is to fund a programme of new wells and cover Hurricane's costs for initial field development work for the Greater Warwick Area

© 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