The Conversation (0)
Anfield Resources (TSXV:ARY) provided a corporate update, given that the company has “operated under the Anfield banner” for one year. The company drew attention to its redefined and reinvigorated strategy, and gave a summary of its recent actions.
As quoted in the press release:
Since late 2013, Anfield has both redefined and reinvigorated its corporate strategy as the Company sought to target undervalued assets with near-term, cash-flow-generating potential. While Anfield clearly still sees a great deal of value in its copper assets – and has a tentative JV agreement in place with regard to its Binghampton Copper Queen project – the Company has also taken advantage of low commodity prices and lukewarm near-term investor sentiment with regard to the uranium sector. To this end, Anfield has executed its strategy via the pending acquisition of a number of uranium properties – many associated with past-producing mines – totalling over 17,500 acres in Utah, Arizona and Colorado to become one of the largest owners of uranium landholdings in the Southwestern US.
Anfield CEO, Corey Dias, said:
We feel that Anfield is well positioned to take advantage of burgeoning demand for nuclear power. While there is significant work ahead, we remain on course to become one of the next uranium producers in the US. We expect to continue to add substantial value to the Company and, by extension, our shareholders, as we move closer to our goal.
Click here to read the Anfield Resources (TSXV:ARY) press release
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