Business
Anfield Energy Steps Up Focus on its Conventional Uranium and Vanadium Assets
VANCOUVER, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is p
About this update from Anfield Energy Inc
[{"type":"text","content":" VANCOUVER, British Columbia, March 23, 2022 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has commenced a comprehensive review of its conventional uranium assets, including the Shootaring Canyon Mill, the Velvet-Wood mine and the West Slope properties, in order to identify and advance an optimal long-term conventional uranium and vanadium production plan through the utilization of these assets. To meet this goal, the Company has, therefore, engaged BRS Engineering, McNulty & Associates and Wright Environmental Services. The review will include the following criteria: The cost of, and timeline to, partial and/or full refurbishment of the Shootaring Canyon Mill; A confirmation of the underlying economics and potential production timeline related to the Velvet-Wood Mine; An economic assessment and potential production timeline related to Anfield’s West Slope properties; and The permitting and regulatory milestones tied to each of the identified assets and an optimal production path through their use. Corey Dias, Anfield CEO, stated, “The past few weeks and months have served as a reminder of the fragility of global supply chains; moreover, recent events in Eastern Europe have exacerbated the inherent geopolitical risk of supply and demand in the uranium sector. Given current circumstances, we believe that operating in a safe and stable jurisdiction such as the U.S. is a critical advantage and an attractive prospect for those seeking uranium production from a reliable source. Moreover, the West Slope project possesses a significant vanadium endowment which, like uranium, is a key transition metal to the low-carbon economy. Anfield’s ownership of one of only three licensed, permitted and constructed conventional uranium mills in the U.S. is a significant differentiator in the competitive uranium production landscape”. About BRS BRS, Inc. is an engineering and geology consulting corporation with expertise in mining and mineral exploration. Of particular note, it specializes in uranium exploration, mineral resource evaluation, mine design, feasibility, mine operations, and reclamation. It has completed numerous uranium projects including technical reports and feasibility studies for underground, open pit, ISR, and conventional ura...