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Anfield Energy Adds to Uranium Portfolio by Acquiring Advanced Uranium Project in Wyoming's Pumpkin Buttes Uranium District - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2018) - Anfield Energy (TSXV: AEC) (O...
About this update from Anfield Energy Inc
[{"type":"text","content":"Anfield Energy Adds to Uranium Portfolio by Acquiring Advanced Uranium Project in Wyoming's Pumpkin Buttes Uranium District - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - March 14, 2018) - Anfield Energy (TSXV: AEC) (OTCQB: ANLDF) (FSE: 0AD), a uranium and vanadium development and near-term production company, is acquiring an additional uranium project in Wyoming. Anfield has entered into a term sheet with Cotter Corporation, an affiliate of General Atomics, to acquire the Charlie ISR Uranium Project located in the Pumpkin Buttes Uranium District in Wyoming. The Charlie Project, which has been in development since 1969 and sits immediately adjacent to two of Uranium One's producing mines, consists of a 720-acre Wyoming State uranium lease.InvestmentPitch Media has produced a \"video\" which describes this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Anfield\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_48d7hs8x/Anfield-Energy-TSXVAEC-Acquiring-an-additional-uranium-project-in-WyomingAnfield will issue Cotter shares equal to a 10% ownership of Anfield, with Cotter retaining a 20% interest in all yellowcake production.Anfield will have access to the data from the previous exploration activities at the Charlie Project, allowing for rapid preparation of technical reports on the Project. The Charlie Project has had extensive drilling since 1969. In 1995 Power Resources completed what it defined as a \"feasibility study\" based on some 1,252 exploration drill holes, which estimated a range of 3.1 to 4.6 million pounds of uranium oxide, which Anfield considers historical in nature until further work is completed. Corey Dias, CEO, stated: \"We are excited to add the Charlie Project to our portfolio of uranium properties. 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 p...