Anfield Energy Closes First Tranche of $1M 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 $1M Financing
VANCOUVER, BRITISH COLUMBIA -- STOCKWATCH – February 28, 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 its $1M non-brokered private placement for a total of 8,220,000 units
(each, a “Unit”) at a price of $0.05 per Unit, for an initial equity raise of $411,000. 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 period.
The first tranche of the placement has closed on February 28, 2020 for 8,220,000 Units. The Units
issued have a hold period expiring on June 29, 2020. The 8,220,000 Warrants expire on February 27,
2021.
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.
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 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. An NI 43-101 Preliminary Economic Assessment has been completed
for the Charlie Project.
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
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, permitted and constructed 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
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