Anfield Energy Identifies Vanadium Potential in Acquired Database
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Anfield Energy Identifies Vanadium Potential in Acquired Database
VANCOUVER, BRITISH COLUMBIA -- GLOBAL NEWSWIRE – APRIL 25, 2018 — Anfield Energy Inc. (TSX.V:
AEC) (OTCQB: ANLDF) (FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it
has identified vanadium exploration targets in its recently-acquired exploration database of mining
projects in the Western United States. These targets, found in both Colorado and Utah, are considered
complementary to Anfield’s Utah-based Shootaring Canyon mill as Anfield could include a vanadium
processing circuit on this asset. Moreover, these vanadium projects could serve as a potential extended
vanadium project pipeline beyond the Velvet-Wood uranium/vanadium project on which Anfield has
previously announced a vanadium exploration target. Finally, Anfield’s prospective energy partners have
shown an increasing interest in the Company’s vanadium assets due to the recent upturn in the
vanadium price – from US$4.00 to US$15.00 per pound.
Corey Dias, Anfield CEO, states “The identification of potential vanadium targets in in our recently-
acquired database offers a distinct advantage to the Company. Further to our news release on
December 13, 2017, Anfield has already identified a vanadium exploration target of between 6.3 million
pounds and 9.7 million pounds at its past-producing Velvet-Wood uranium mine – at which vanadium
was previously produced as a byproduct – and the potential to create a significant pipeline of vanadium
projects is compelling. This is even more attractive to Anfield as it holds one of only three licensed,
permitted and constructed uranium mills in the U. S., and the ability to add a vanadium processing
circuit to the Shootaring Canyon mill provides a strategic advantage to the Company in relation to its
peers as Anfield could accelerate the vanadium production process”.
Vanadium is increasingly being embraced by battery manufacturers as a core material in the production
of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow
batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage.
This ranges from grid-scale uses, such as Prudent Technology’s use of a VFB for its solar installation in
Italy, to smaller-scale uses such as Warren Buffett’s BYD company using vanadium batteries for its
electric vehicles and Subaru using a VFB to power its Subaru G4e vehicle. Vanadium is clearly viewed as
an attractive alternative to other battery technology sources. Anfield is fortunate in having the ability to
exploit two energy metal resources together, both with highly positive demand projections: uranium
and vanadium”.
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
production 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 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, acquired from 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 – 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
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, as well as the Findlay
Tank breccia pipe. An NI 43-101 Preliminary Economic Assessment has been completed for the Velvet-
Wood Project. All conventional uranium assets are situated within a 125-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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