The private placement may be closed in tranches. Finders’ fees may be paid in certain circumstances. The foregoing is subject to regulatory approval. All securities to be issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
The proceeds from the private placement will be used for property-related costs and development, and general working capital.
About Anfield
Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is also a precious metals development company. Anfield is a publicly-traded corporation listed on the
Anfield has signed a Resin Capture and Processing Agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in
Anfield’s 24 remaining ISR mining projects are located in the
A key asset in Anfield’s portfolio is the
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern
Between 1987 and 1989,
In 2009,
Using available data and a cut off grade of 0.02opt Au, NAEG estimated a total in-situ resource of 5.3Mt in the following categories:
- A Measured resource of 2.533Mt at 0.05opt Au and 0.87opt Ag for a total of 127,000oz Au and 2,196,000oz Ag;
- An Indicated resource of 1.076Mt at 0.04opt Au and 0.44opt Ag for a total of 43,000oz Au and 471,000oz Ag; and
- An Inferred resource of 1.719Mt at 0.038opt and 0.45opt Ag for a total of 65,000oz Au and 765,000oz Ag
The NAEG report also identified areas in which the author, based on geologic interpretation, felt the resource could be expanded. The NAEG report also recommended an exploration program for this area. To Anfield’s knowledge these recommendations have not yet been implemented.
Anfield considers these estimates to be historical in nature and cautions that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Anfield is not treating the historical estimate as current mineral resource or mineral reserves.
Douglas L. Beahm, P.E., P.G. has approved the scientific and technical disclosure, relating to the
On behalf of the Board of Directors
Neither
Contact:
Corporate Communications
780-920-5044
contact@anfieldenergy.com
www.anfieldenergy.com
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