Anfield Energy Inc (ANLDF)

[joe_techi]

Anfield Peering Around Corner to Become Top U.S. Uranium Producer

Excerpt

"Anfield has built a massive position of uranium properties in the Western U.S., with 25 in-situ resource (ISR) uranium projects in Wyoming, of which three already have National Instrument-compliant resource reports completed. The flagship property is the Charlie Project, acquired from Cotter Corp. earlier this year.

Historic data and current resource estimates show Anfield properties containing more than 30 million pounds of uranium. Even at $25 U.S. per pound, that’s over three quarters of a billion dollars in resources from a company with a market capitalization under $10 million U.S.

The Charlie project alone was 4.5 million pounds of eU3O8 Indicated and Inferred resource. U3O8 stands for triuranium octoxide, a compound of uranium and popular form of "yellowcake" refined and used in nuclear reactors, amongst other things.

Anfield also has what only two others in the country have: a licensed, permitted and constructed conventional mill for uranium. Uranium One, a key strategic partner of Anfield, paid over $100 million U.S. for the Shootaring mill in Utah and a handful of U.S. uranium projects in 2007, ultimately selling the assets to Anfield in 2015 in a cash-and-stock transaction.

Anfield management says that, following refurbishment, the mill can become only the second conventional mill producing uranium in the U.S., putting it on par with the White Mesa Mill in Utah of Energy Fuels Inc. (NYSE American:UUUU) (TSX:EFR). Energy Fuels has a market cap near $400 million."

https://www.baystreet.ca/stockstowatch/4913/Anfield-Peering-Around-Corner-to-Become-Top-US-Uranium-Producer#.XA6PpcWLoAk.twitter