Anfield Energy Closes First Tranche of $1 Million Financing
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
TSX.V: AEC
OTCQB: ANLDF
FRANKFURT: 0AD
Anfield Energy Closes First Tranche of $1 Million Financing
VANCOUVER, BRITISH COLUMBIA -- STOCKWATCH – August 18, 2020 — Anfield Energy Inc. (TSX.V: AEC;
OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has
closed the first tranche of a non-brokered private placement, and has issued 10,640,000 units (each, a
“Unit”) at a price of $0.05 per Unit, for a n initial equity raise of $ 532,000. Each Unit consists of one
common share and one share purchase warrant (each, a “ Warrant”), with each Warrant entitling the
holder to purchase an additional common share at a price of $0.10 for a one year term.
The Company intends to complete a further tranche of the placement, and will offer additional Units to
raise up to $1,000,000 when combined with the initial tranche.
All securities issued in the initial tranche have a hold period expirin g on December 15 , 2020. The
10,640,000 Warrants expire on August 13, 2021. In connection with completion of the first tranche of the
placement, the Company paid $7,980.00 and issued 159,600 Warrants, to certain arms-length parties who
assisted in introducing subscribers. The proceeds from the private placement will be used for the
development of both the Charlie Project and other Wyoming -based ISR projects, property-related costs,
and general working capital.
The placement included subscriptions from directors and officers of the Company for an aggregate of
2,800,000 Units. The issuance of Units to directors and officers of the company, pursuant to the
placement, are considered related party transactions within the meaning of TSX Venture Exchange Policy
5.9 and Multilateral Instrument 61 -101 -- Protection of Minority Security Holders in Special Tr ansactions
(“MI 61 -101”). The Company relied on exemptions from the formal valuation and minority approval
requirements in sections 5.5(a) and 5.7(1)(a) of MI 61 -101 in respect of insider participation, as neither
the fair market value of, nor the fair mar ket value of the consideration for, the placement, insofar as it
involves directors and officers of the Company, exceeded twenty-five percent of the market capitalization
of the Company.
About Anfield
Anfield is a uranium and vanadium development and 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
centers, as summarized below:
Wyoming – Irigaray ISR Processing Plant (Resin Capture and Processing Agreement)
Anfield has signed a Resin Capture and Processing Agreement with Uranium One whereby Anfield would
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
TSX.V: AEC
OTCQB: ANLDF
FRANKFURT: 0AD
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 Urani um 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 three projects in Wyoming
for which NI 43-101 resource reports have been completed are Red Rim, Nine Mile Lake and Clarkson Hill.
The Charlie Project, Anfield’s flagship uranium project, 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. An NI 43-101 Preliminary Economic Assessment has been
completed for the Charlie Project.
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 on ly three licensed, permitted and constructed conventional 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 include 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, and 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
Safe Harbor Statement
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RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY
STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS
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AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
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STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO
OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY
ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS
CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS,
PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL
OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED
IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.