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Anfield Resources (TSXV:ARY) has renewed nine mineral leases on Utah State Trust Land which were issued in December 2013. The leases cover over 5,700 acres within past producing uranium districts in southeastern Utah. Anfield also commented on recent developments in the uranium market.

Anfield Resources (TSXV:ARY) has renewed nine mineral leases on Utah State Trust Land which were issued in December 2013. The leases cover over 5,700 acres within past producing uranium districts in southeastern Utah. Anfield also commented on recent developments in the uranium market.

As quoted in the press release:

The uranium spot price continues to trend upwards and the Company notes a $0.85 gain this week to US$36.50 (lb), as reported by UxC, one of the nuclear industry’s leading consulting companies. Over the past three months, the spot price has increased by roughly 28%.

The industry also took another significant step forward with the report from Japan that the city assembly of Satsumasendai has voted to restart two reactors at the Sendai nuclear power plant. Dundee Capital Market analyst David Talbot, in a research note, wrote that the Sendai news could possibly provide a boost for the price of uranium.

Anfield CEO, Corey Dias, said:

Considering the current positive signs in the industry, we are optimistic that the price of uranium will continue trending upward. With the pending acquisition of both the Shootaring Canyon Mill and the conventional land package from Uranium One, together with Anfield’s existing holdings including the renewed Utah State leases, we feel that Anfield is well positioned to take advantage of burgeoning demand for nuclear power.

Click here to read the Anfield Resources (TSXV:ARY) press release
Click here to see the Anfield Resources (TSXV:ARY) profile.

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