Anfield Energy Inc (ANLDF)

[joe_techi]

Anybody know what the biz plan/current activities are here? Seems kinda like a lottery ticket

"The U.S. has just three licensed conventional uranium mills and only the White Mesa mill in Utah of Energy Fuels is currently operating. Mining multinational Rio Tinto’s Sweetwater mill in Wyoming has been on standby for well over a decade. Anfield Energy owns the third facility, the Shootaring Canyon mill situated 48 miles south of Hanksville, Utah in Ticaboo.

The plant was built in 1980 and operations were halted in 1982 due to depressed uranium prices. Stockpiles on the surface at the mill are estimated to be 370,000 pounds of U3O8 at an average grade of 0.147%.

It’s interesting that Uranium One bought the mill from U.S. Energy Corp. in 2008, agreeing to pay up to $90 million for the acquisition of the mill and nearby mining claims. Keith Larson, CEO at U.S. Energy, had picked the mill up about a decade earlier for next to nothing when uranium was out of favor.

In what could be a great move as part of the uranium super cycle, Anfield made the prescient move to buy the mill from Uranium One in 2014 for about $7.5 million (including $2.5 million in shares paid to U.S. Energy). Uranium One divested assets to focus its efforts on uranium ISR (in-situ recovery) methods. For the purchase price, Anfield got the mill and properties in Utah and Arizona containing an historical Measured and Indicated resource estimate of 6.8 million pounds of U3O8."

http://www.baystreet.ca/stockstowatch/4030/Hidden-Value-in-Anfield-Energy-The-Shootaring-Uranium-Mill#.WzJpZCtj77o.twitter