Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Held at DTC 354,905,410
10/19/2022
Unrestricted 402,288,222
10/19/2022
Outstanding Shares
527,235,222 10/19/2022
See you all at the open bell guys! GO $ANLDF!!!
Oh wow i hope you’re right
Whats your target by christmas ?
Will grab some and hold til 2023 lets see what i can get from it
Will grab some and hold til 2023 lets see what i can get from it
Ill be happy with 0.12 or more
Following completion of the Transactions, UEC will become a significant strategic shareholder of Anfield holding approximately 16% of the shares of Anfield on an outstanding basis. For so long as UEC holds at least 10% of Anfield’s shares on an outstanding basis, UEC will have the right to appoint one director to the Board of Directors of Anfield and will have a participation right to maintain its pro rata share ownership in any future private or public financings by Anfield. The Transactions are subject to customary closing conditions, including approval by the TSX Venture Exchange (the “Exchange”).
Slick Rock is located in a robust uranium mining region in Colorado, within the historic Uravan Mineral Belt and at the intersection of two major mineral trends. Uranium and vanadium were produced historically at the Burro Mine within the Slick Rock property package between 1957 and 1983, and future exploration targets continue to focus on the down-dip extensions of the Burro and Sunday-Carnation mineral trends. The property was the subject of a preliminary economic assessment in 2014. Once the acquisition of Slick Rock has been completed, Anfield expects to focus its development efforts at Slick Rock in combination with its adjacent West Slope project with a view to creating a long-term uranium and vanadium production pipeline in Colorado.
Anfield Energy is in this for the long haul and has the properties and expertise to be one of the best if not top Uranium providers in the United States.
There’s also the West Slope Project, a 6,913-acre property in southwestern Colorado, which hosts about nine historic uranium and vanadium mines. This one has a historic measured resource estimate of about 11 million pounds of uranium and 53 million pounds of vanadium.
The company is a US-based development and near-production story. It has one of only three licensed, permitted and constructed conventional uranium mills in the U.S.
The company also owns the Velvet-Wood Project, a 2,425-acre property in Utah, which produced about 400,000 tons of mined uranium between 1979 and 1984 This translates into 4Mlbs of uranium production and 5Mlbs of vanadium production. Velvet-Wood has a current uranium resource of 4.6Mlbs.
Anfield is trading at a market cap/resource multiple of ~75% lower than the average of other North American-focused uranium exploration and development companies.
The company also owns the Velvet-Wood Project, a 2,425-acre property in Utah, which produced about 400,000 tons of mined uranium (4Mlbs of uranium and 5Mlbs of vanadium) between 1979 and 1984, with a current uranium resource of 4.6Mlbs. There’s also the West Slope Project, a 6,913-acre property in southwestern Colorado, which hosts nine historic uranium and vanadium mines with a historical resource of 11Mlbs of uranium and 53Mlbs of vanadium. Both will serve as feed into Anfield’s Shootaring Canyon Mill, creating a long-term conventional uranium mine-and-mill complex.
Anfield Energy holds one of just three licensed, permitted, and constructed mills in the United States – the Shootaring Canyon Mill.
Geopolitical unrest has pushed uranium prices higher and could set up a potential national security risk.
Aggressive global decarbonization goals coupled with the slow transition to renewables is likely to create more demand for uranium and nuclear energy.
"We are very excited that Ken has agreed to join Anfield's Board, given his plethora of experience in the nuclear sector, along with his rare-earth credentials. Ken's production-related operational experience, combined with both his contracting sales and marketing execution and relationship with not only worldwide utilities but also conversion facility ConverDyn significantly bolsters the Board's uranium knowledge base. Finally, his direct experience related to Anfield's West Slope uranium and vanadium mines should facilitate our production opportunity with regard to this project."
Anfield also announces that it has granted 35,308,828 incentive stock options to certain directors, officers, employees and consultants of the Company at a price of $0.10 with a five-year term expiring on September 20, 2027.
Mr. Mushinski's responsibilities at the above entities included identifying, negotiating and executing with regard to mergers and acquisitions; operational and financial planning of uranium operations, including sales, marketing and contracting, budgeting, scheduling; and regulatory affairs, including governmental interactions, licensing, permitting, reclamation and decommissioning.
Mr. Mushinski holds both a Master of Business Administration and Bachelor of Science, Mechanical Engineering, Summa Cum Laude, from San Diego State University.
Mr. Mushinski brings significant nuclear-related knowledge and expertise to the Board via his 33 years of senior hands-on roles at General Atomics Corporation (Vice President of Corporate Planning and Acquisitions) and its various subsidiaries: uranium producer Quasar Resources (President), uranium developer Cotter Corporation (President), General Atomics Uranium Resources (Vice President) and rare-earth technology developer Synchron (President). Mr. Mushinski has also served both as Board Chairman for Cotter Corporation, technology developer Diazyme Shanghai and chemical manufacturer Miltec Inc. and as a management committee member for the Honeywell/General Atomics ConverDyn partnership.
Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that Mr. Kenneth Mushinski has agreed to join the Board of Directors of Anfield as non-Executive Chairman.
As previous announced, on May 12, 2022, Anfield completed a bought deal private placement offering (the “Offering”) of subscription receipts of the Company (“Subscription Receipts”) co-led by Haywood Securities Inc. and Red Cloud Securities Inc. Each Subscription Receipt was sold at a price of C$0.12 for aggregate gross proceeds to the Company of C$15,000,000 and entitled the holder thereof to receive one unit (“Offering Unit”) comprised of one Common Share and one Warrant upon the satisfaction of certain conditions. Each Warrant entitles the holder thereof to acquire one Warrant Share at a price of C$0.18 until May 12, 2027. Upon completion of the Transactions, the conditions were satisfied, and the Subscription Receipts were automatically converted into 125,000,000 Offering Units. The securities underlying the Offering Units are subject to a statutory four-month hold period expiring on September 13, 2022 in accordance with Canadian securities legislation. The Company will seek to list the Warrants on the TSX Venture Exchange subsequent to the expiry of the hold period.
Anfield is also pleased to announce that it has completed the previously announced asset swap to exchange certain of its properties for properties of UEC (the “Property Swap” and, together with the Debt Settlement, the “Transactions”). Pursuant to the terms of the Property Swap, Anfield acquired UEC’s interest in the Slick Rock uranium-vanadium property (“Slick Rock”) located in San Miguel County, Colorado, in exchange for UEC acquiring Anfield’s in-situ recovery uranium asset portfolio in Wyoming. Slick Rock further consolidates Anfield’s position in the uranium-vanadium rich Uravan Mineral Belt, proximal to the Company’s Shootaring Canyon Mill.
Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has completed the settlement (the “Debt Settlement”) of US$18.34 million of indebtedness which was owed to Uranium Energy Corp. (“UEC”). The indebtedness was fully settled through the payment to UEC of approximately US$9.17 million in cash from the net proceeds of the Offering (as hereinafter defined) and the issuance to UEC of 96,272,918 units of Anfield (the “Debt Units”), which were issued at a deemed aggregate value of approximately US$9.17 million or US$0.095 (C$0.12) per Debt Unit. Each Debt Unit is comprised of one common share of the Company (a “Common Share”) plus one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to acquire one Common Share (a “Warrant Share”) at a price of C$0.18 until May 12, 2027. The securities underlying the Debt Units are subject to certain resale restrictions. As a result of the Debt Settlement, UEC will become Anfield’s cornerstone shareholder, owning 15.4% on an outstanding basis and 26.7% on a partially diluted basis.
AVERAGE VOL (30D)
1,113,882
Bottom line here guys
52WK RANGE 0.042 - 0.148
A consortium comprised of Brookfield Renewable Partners, together with its institutional partners, and Cameco Corp. announced on Oct. 11 an agreement to acquire Westinghouse Electric Co. from Brookfield Business Partners (BBU). The deal has a total enterprise value of about $8 billion, including proceeds from the disposition of a non-core asset expected to be received prior to closing the transaction. The deal is expected to be finalized in the second half of 2023, subject to customary closing conditions and approvals.
It certainly looks like nuclear is the fuel of the future, and some countries are embracing it. For example, Japan is ramping up its nuclear production, and Germany is even considering changing course on its nuclear power plant shutdowns.
Uranium is becoming more and more important because other energy sources are in tight supply. Russia is withholding Europe’s supply of natural gas, which has led to energy price inflation. In the meantime, other countries are still dealing with supply chain issues, such as lockdowns in China that are disrupting shipping.
Germany reported a 46% increase in Producer Price Index inflation (inflation to businesses rather than consumers), and a lot of it was due to energy prices. In response to this crisis, the European Union has been loosening regulations. For example, last month, it passed a law that allowed energy companies to label nuclear plants as “green.”
The world is in the midst of an energy crisis, and nuclear energy seems like the perfect solution.
France is considering increasing its capacity for uranium enrichment as the Western allies look to reduce their reliance on Russian nuclear power plant fuel.
French state-held uranium conversion and enrichment specialist Orano SA is reviewing options to boost the capacity at its Georges Besse II plant to 11 million separative work units (SWU) from 7.5 million SWU now, a statement from France’s public debate committee says.
Germany will keep two of its last nuclear plants in a reserve until April to help limit the threat of winter blackouts, Economy Minister Robert Habeck said Tuesday.
White noted, “French President Emmanuel Macron confirmed that he intends to expand nuclear power with six to eight new power plants planned. Germany announced — while stressing that it would not reverse its phase-out decision — that it would extend the life of two of the remaining three reactors to create an “energy reserve.” White also observed that uranium supply is uncertain, making it likely that increased demand will drive uranium prices higher.
As Russia continues to invade Ukraine, questions abound about how Europe will meet its energy needs. Sentiment appears to be rising for nuclear power, given its incredible energy output and its abilities as a low-emission energy source.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, Colorado, and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium and vanadium assets include the Slick Rock Project, the Velvet-Wood Project, the Frank M Uranium Project, the West Slope Project, the Long Park Project as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.
Arizona/Utah/Colorado – Shootaring Canyon Mill
A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.