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Anfield Resources Inc. (TSXV:ARY) has acquired 51 unpatented mining claims in six mining claim groups on federal land in Utah, with at least one uranium prospect or past-producing uranium mine has been identified within each acquired claim group.
As quoted in the press release:
Anfield now has access to mineral rights on over 11,000 acres in Utah in districts where the combined historical uranium production totals approximately 28 million pounds. At least one uranium prospect or past-producing uranium mine has been identified within each acquired claim group. These newly-located claims range from between 35 and 115 miles of the White Mesa mill – the only operating conventional uranium mill in the US – whose proximity would facilitate the Company’s aim of toll-milling its ore in order to accelerate near-term revenue and cash-flow generation.
Anfield Resources CEO, Corey Dias, said:
We are pleased to have been able to expand our uranium claim portfolio via these acquisitions. Moreover, we believe that the continued diversification of our claim portfolio will improve our ability to develop a sustainable source of uranium ore in aggregate. Finally, the recent positive news coming out of Japan with regard to the government’s Basic Energy Plan – which makes a commitment to nuclear power as a core part of Japan’s energy mix – reinforces our view that the uranium market not only remains undervalued but also has significant upside potential.
Click here to read the Anfield Resources Inc. (TSXV:ARY) press release
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