Anfield Resources Provides Update Regarding its Uranium Assets

Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) announced an update on its uranium assets. On September 1, 2015 Anfield announced the acquisition of the Shootaring Canyon Uranium Mill, one of only three licensed, permitted and constructed conventional uranium mills in the United States, and a portfolio of conventional mining assets from Uranium One.
As quoted in the press release:

Since the closing of the Uranium One transaction, Anfield has made significant progress in advancing the project. The Utah Division of Waste Management and Radiation Control (“UDWMRC”), following its extensive review and a public hearing, formally transferred the Shootaring Canyon Uranium Mill’s Radioactive Materials License (“RML”) and the Groundwater Quality Discharge Permit from Uranium One Americas Inc. to Anfield, and Anfield is now preparing an RML renewal application to extend its term. The Company also continues to work with BRS Inc., an engineering firm, to complete a Preliminary Economic Assessment of the Velvet-Wood Mine. In addition, the Company has increased its focus on the acquired Henry Mountains property, an area which includes Anfield’s Frank M mine. Finally, the Company has also initiated a review of a sampling and survey program related to the surface stockpiles acquired in the Uranium One transaction.

Anfield Resources CEO, Corey Dias, stated:

We continue to make progress with advancing our uranium assets. We believe the steps we have taken are providing Anfield with a solid base from which to incorporate the development of the Shootaring Canyon Mill. Overall, we remain positive with regard to the uranium market. Primary production cannot meet present-day consumption. Moreover, only 35% of the uranium consumed over the past three years has been replaced with long-term contracting, which means that uncovered demand is likely to be a significant concern moving forward. We feel that Anfield is well positioned to play a role in addressing the future uranium supply and demand imbalance.

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