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.