Anfield Resources Aims to be One of the Next Uranium Producers in the United States

- June 21st, 2017

Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry. The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a … Continued

Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry.
The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a low of $18 a pound. While pricing has rebounded slightly, the current $20 level isn’t sustainable as it remains below the cost of production.
Factors which could drive the price upward are supply shortages caused by mine closures and increasing global demand. Today there 20 nuclear reactors under construction across the globe and China is building one new reactor every five months. Globally, 150 new nuclear reactors are in the planning stage.
About Anfield:

Canadian-headquartered Anfield set up shop in the United States because 20% of American electricity is generated by nuclear energy, and at present it imports over 90% of the uranium it uses.
Over the last four years, Anfield has acquired a number of conventional uranium assets in Utah, Colorado and Arizona as well as 24 ISR-amenable projects in Wyoming.
An April 4, 2017, NI 43-101 report on one of the 24 Wyoming ISR assets, Red Rim, shows an indicated resource of 336,655 tons of mineralized material with an average grade of 0.17% and an inferred resource of 472,988 tons of mineralized resource with an average grade of 0.163%, for a total uranium resource of 2,681,896 pounds.

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