Anfield buys Utah uranium projects

Anfield Energy Inc., a uranium and vanadium mining company based in Vancouver, British Columbia, Canada, has purchased a 100 percent interest in 65 unpatented mining claims in the Marysvale uranium project, located in Beaver County, and in 26 unpatented mining claims of the Calf Mesa uranium project, located in Emery County. The purchase price was $60,000 in cash and 9 million common shares of Anfield stock. The previous owners were Nedeel LLC and BBL-2 LLC, mining companies formed specifically to hold these specific mining properties.{mprestriction ids="1,3"}

Corey Dias, Anfield’s CEO said, “We are pleased to secure additional claims near our Utah projects, including the Shootaring Canyon Mill, and will continue to seek out prospective assets which fit into our two-fold strategy of acquiring both near-term and longer-term uranium and vanadium assets which will fit into our overall production plan.”

Uranium was discovered in the Marysvale area in 1949 and the area has produced approximately 1.4 million pounds. The project is located within the Marysvale volcanic field approximately 100 air miles west and north of Anfield’s Shootaring Canyon uranium processing mill, one of only three licensed uranium mills in the United States.

Companies such as Energy Fuels Exploration Co. and Philips Uranium Corp. have held claims in the area, while both Philips and Trigon Exploration have conducted exploratory drilling projects in the area, one of Utah’s most active uranium producing ranges.{/mprestriction}