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Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) has been granted approval by the Committee on Foreign Investment in the United States for the acquisition of the Shootaring Canyon Mill and Uranium One’s other conventional U.S. uranium assets.
As quoted in the press release:
Anfield Resources Inc. (TSX.V: ARY; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has received approval from the Committee on Foreign Investment in the United States (“CFIUS”) for the acquisition of the Shootaring Canyon Mill and Uranium One’s other conventional U.S. uranium assets. On August 18, 2014, Anfield announced that it had entered into definitive agreements with Uranium One under which Anfield agreed to acquire the Shootaring Canyon Mill and a portfolio of conventional uranium assets from Uranium One (the “Shootaring Transaction”). Approval from CFIUS is not only required from a regulatory standpoint, but is also one of the conditions upon which closing of the Transaction is contingent.
CFIUS, as authorized by United States law, reviews certain mergers, acquisitions, and takeovers which could result in foreign control of any entity engaged in interstate commerce in the United States.
Anfield CEO, Corey Dias, said:
Approval from CFIUS is another significant step forward for Anfield, moving us ever closer to closing the Transaction with Uranium One. We are very pleased to have successfully cleared this hurdle, as it brings us closer to assembling our portfolio of complementary U.S. uranium assets with production horizons, and look forward to making final arrangements to close the Transaction.
Click here to read the Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) press release
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