Anfield Resources Closes Acquisition of Uranium One Shootaring Mill and Other Properties

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 04/07/16

Pia Rivera reports that Anfield Resources announced the closing of its acquisition of the Shootaring Canyon Mill, a portfolio of uranium assets, two surface stockpiles, and a number of royalties on projects held by other publicly-traded companies from Uranium One. In addition to the Shootaring Canyon Mill and the Velvet-Wood Project, the Transaction also includes an impressive portfolio of uranium assets. With the Transaction they have now acquired one of only three licensed and permitted conventional uranium mills in existence in the U.S. All our uranium assets are located in the U.S., one of the lowest-risk and most favorable uranium jurisdictions, and host of the largest uranium requirements. The assets are synergistic and provide a strategic, stepped approach to production and revenue generation. Their acquisition has fortuitous timing as their carefully-selected U.S. projects are positioned to benefit from renewed U.S interest in clean nuclear energy and domestic uranium producers, and the strengthening global uranium market sometime in 2016 or 2017.