Anfield Resources Receives Conditional Approval for Shootaring Mill License Transfer

Anfield Resources (TSXV:ARY) reported that the Utah Division of Radiation Control (UDRC) has granted conditional approval for the transfer of ownership of the Shootaring Canyon Uranium Mill radioactive materials license. The UDRC has also extended the license renewal deadline to allow Anfield to prepare a license renewal application for the mill.

As quoted in the press release:

A conditional approval indicates that the UDRC has consented to the radioactive materials license transfer subject to submitting an acceptable replacement surety to the UDRC and closing of the Shootaring Transaction. After the closing of the Shootaring Transaction, Anfield will request an amendment to the license to change the name of the licensee to Anfield and will be subject to a minimum 30-day public comment period and possible public hearing, after which the license will be amended to list Anfield as the licensee. Anfield will then prepare a license renewal application for the restart of the Shootaring Mill.

In addition to receiving conditional approval for transfer of the Shootaring Mill radioactive materials license, Anfield has received conditional approval from the TSX for the Shootaring Transaction to occur, and has received approval from the Federal Communications Commission (FCC) for the transfer of a radio communications license associated with the Shootaring Mill.

Anfield CEO, Corey Dias, said:

We are very pleased that the UDRC has consented to the transfer of the Shootaring Mill radioactive materials license. This is a critical step along the path to both full ownership of and, ultimately, operation of the Shootaring Mill since, without such a license, neither option would be possible. We are expeditiously working to complete all pre-closing conditions of the Shootaring Transaction. We look forward to closing the transaction and beginning the process of restarting the Shootaring Mill.

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