Anfield Energy Applauds the US Government’s Plans to Revive and Strengthen the US Uranium Mining Industry
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Anfield Energy Applauds the US Government’s Plans to Revive and Strengthen
the US Uranium Mining Industry
VANCOUVER, BRITISH COLUMBIA -- GLOBAL NEWSWIRE – April 27, 2020 — Anfield Energy Inc. (TSX.V:
AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that the
US Nuclear Fuel Working Group (“NFWG”) has released its report recommending that the U.S.
Government take immediate and bold action to strengthen and restore U.S. uranium mining and the
viability of the nuclear fuel cycle to assure U.S. National Security. The comprehensive, multi-year strategy
will move to restrict uranium imports and government uranium inventory sales and provide for direct
purchases of uranium for the U.S. strategic Uranium Reserve.
Corey Dias, Anfield’s CEO, stated, “We applaud the strategy outlined by the Nuclear Fuel Working Group’s
report, and look forward to the implement ation of its major, far -reaching measures. These will greatly
assist and benefit U.S. producers and near-term producers, such as Anfield, and will help provide needed
security of supply to the U.S. The U.S. has the world’s largest fleet of reactors – with uranium requirements
of over fifty million pounds per year – while U.S. uranium production is less than one million pounds per
year. The strategy is a critical first step in providing U.S. uranium producers and near-term producers with
a dedicated, improved domestic market.
Anfield remains well-positioned to contribute to the Uranium Reserve. With its 25 Wyoming -based
projects – led by the advanced and low -cost Charlie ISR uranium project – the Company has created an
ISR uranium mine-and-mill complex which is underpinned by a Resin Capture and Processing Agreement
with Uranium One which allows Anfield to process up to 500,000 pounds of uranium per year”.
Key points found in the report include:
• U.S. Government purchases of U3O8, beginning in 2020 , from domestic producers based on a
competitive bidding process.
• DOE will end the uranium bartering program and reevaluate DOE’s Excess Uranium Inventory
Management Policy
• Streamline regulatory reform and land access for uranium extraction.
• Support Department of Commerce efforts to extend the Russian Suspension Agreement to
protect against future uranium dumping in the US market.
• Enable the Nuclear Regulatory Commission to deny imports of nuclear fuel fabricated in Russia or
China for national security purposes.
• Establish a Nuclear Industrial Base structure analogous to the Defense Industrial Base.
• Fund advanced water treatment technology for uranium mining and in situ recovery.
About Anfield
Anfield is a uranium and vanadium development an d 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 a publicly-traded corporation listed on the TSX-Venture Exchange (AEC-V),
the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two asset
centres, as summarized below:
Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has signed a Resin 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 Wyoming.
In addition, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or
all of its sales contracts.
Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin,
Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming. Anfield’s two projects in Wyoming
for which NI 43-101 resource reports have been completed are Red Rim and Clarkson Hill.
The Charlie Project, the asset which was the core component of a recently-announced transaction
between Anfield and Cotter Corporation, is located in the Pumpkin Buttes Uranium District in Johnson
County, Wyoming. The Charlie Project consists of a 720-acre Wyoming State uranium lease which has
been in development since 1969.
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.
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 assets i nclude the Velvet -Wood Project, the Frank M Uranium Project, the West
Slope Project as well as the Findlay Tank breccia pipe. An NI 43-101 Preliminary Economic Assessment has
been completed for the Velvet -Wood Project. The PEA is preliminary in nature, an d includes inferred
mineral resources that are considered too speculative geologically to have economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no certainty
that the preliminary economic assessment would be realized. All conventional uranium assets are situated
within a 200-mile radius of the Shootaring Mill.
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Energy, Inc.
Clive Mostert
Corporate Communications
780-920-5044
www.anfieldenergy.com
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