Anfield Resources announced in September of 2015 that it has closed the Uranium One transaction. Anfield has acquired the Shootaring Canyon Mill and a portfolio of conventional uranium assets from Uranium One (the “Transaction”). In addition to the Shootaring Canyon Mill and the Velvet-Wood Project, the Transaction also included an impressive portfolio of uranium assets, two surface stockpiles, and a number of royalties on projects held by other publicly-traded companies, including Energy Fuels Inc, Azarga Uranium Corp. and Western Uranium Corporation
Corey Dias, Anfield’s CEO stated, “We are delighted to announce the closing of the Uranium One Transaction. With the Transaction we have now acquired one of only three licensed and permitted conventional uranium mills in existence in the United States, a significant uranium resource and a portfolio of royalties on development projects of other uranium companies. All our uranium assets are located in the U.S., one of the world’s lowest-risk and most favorable uranium jurisdictions, and host of the world’s largest uranium requirements. The assets are synergistic and provide a strategic, stepped approach to production and revenue generation. Our acquisition has fortuitous timing as our 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.”
Within the volatile commodity universe, uranium has shown itself to be particularly resilient. Over the past year, the uranium spot price has increase by more than 25%, while other commodities have seen significant declines. Moreover, positive news from Japan related to the restart of reactors, India’s decision to create a strategic uranium reserve, Russia’s significant expansion of domestic nuclear projects and turn-key nuclear projects abroad, a continued expansion of nuclear reactors in China and globally, and an expected uranium shortfall in the coming years due to deferment of uranium projects in the current low-price environment — all bode well for sustained increases in the uranium price.
Original Working URL: http://anfieldresources.com/anfield-resources-inc-announces-closing-of-uranium-one-transaction/
Managed & Built by I2M Consulting, LLC | © 2010-
