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Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) announced it has closed a transaction with a subsidiary of Energy Fuels Inc. to sell Anfield’s 50-per-cent interest in the Wate breccia pipe to Energy Fuels in a cash-and-stock transaction valued at $1.1-million.
Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) announced it has closed a transaction with a subsidiary of Energy Fuels Inc. to sell Anfield’s 50-per-cent interest in the Wate breccia pipe to Energy Fuels in a cash-and-stock transaction valued at $1.1-million.
Anfield Resources CEO, Corey Dias, stated:
Given how recently we closed the acquisition of Uranium One’s U.S. conventional uranium assets, we are satisfied to have come to terms with Energy Fuels to sell our interest in the Wate breccia pipe. Moreover, given that Wate is a non-core uranium asset for Anfield and that Energy Fuels has significant expertise in mining this type of deposit, we view this as a win-win transaction. We will continue to focus on our development of the Velvet-Wood mine and the Shootaring Canyon mill, the key assets at the heart of our Uranium One transaction.
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