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Anfield Energy reports they have identified vanadium exploration targets in its recently-acquired exploration database of mining projects in the Western United States. The targets, found in both Colorado and Utah, are considered complementary to Anfield’s Utah-based Shootaring Canyon mill.
Anfield Energy (TSXV:AEC) reports they have identified vanadium exploration targets in its recently-acquired exploration database of mining projects in the Western United States. The targets, found in both Colorado and Utah, are considered complementary to Anfield’s Utah-based Shootaring Canyon mill as Anfield could include a vanadium processing circuit on this asset.
Furthermore, these vanadium projects could serve as a potential extended vanadium project pipeline beyond the Velvet-Wood uranium/vanadium project on which Anfield has previously announced a vanadium exploration target. Anfield’s prospective energy partners have shown an increasing interest in the Company’s vanadium assets due to the recent upturn in the vanadium price – from US$4 – US$15 per pound.
As quoted in the press release:
“The identification of potential vanadium targets in in our recently-acquired database offers a distinct advantage to the Company. Further to our news release on December 13, 2017, Anfield has already identified a vanadium exploration target of between 6.3 million pounds and 9.7 million pounds at its past-producing Velvet-Wood uranium mine – at which vanadium was previously produced as a byproduct – and the potential to create a significant pipeline of vanadium projects is compelling. This is even more attractive to Anfield as it holds one of only three licensed, permitted and constructed uranium mills in the U. S., and the ability to add a vanadium processing circuit to the Shootaring Canyon mill provides a strategic advantage to the Company in relation to its peers as Anfield could accelerate the vanadium production process.
Vanadium is increasingly being embraced by battery manufacturers as a core material in the production of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage,” said Corey Dias, Anfield CEO.
