Anfield Expands its Artillery Peak Uranium Project and Commissions BRS Inc. to Complete a Uranium Resource Report
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 Expands its Artillery Peak Uranium Project and Commissions BRS Inc. to Complete a
Uranium Resource Report
VANCOUVER, BRITISH COLUMBIA -- STOCKWATCH – November 21, 2022 — Anfield Energy Inc. (TSX.V:
AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it
has expanded its claim holdings in the uranium-rich Artillery Peak project area, located in Mohave
County, Arizona (the “Claims”). The additional 54 Claims are contiguous to Anfield’s current project in
the Date Creek Basin and increase Anfield’s claim holdings in the area to 119. In addition, the Company
has commissioned BRS Inc., an engineering firm, to complete an NI 43-101 uranium resource report for
its combined Date Creek Basin/Artillery Peak projects. As stated in Anfield’s November 15 news release,
historical records indicate a potential uranium resource in the Artillery Peak/Date Creek Basin area of
approximately 2.8 million pounds of U308*.
Corey Dias, Anfield’s CEO commented: “We are please to secure additional claims in the vicinity of our
Date Creek Basin and Artillery Peak holdings, and to engage BRS to complete a uranium resource report
for the combined holdings. This undertaking fits our ongoing two-fold strategy of acquiring assets which
fit into either our near-term or longer-term production plans. The near-term strategy centers on our
Colorado and Utah uranium and vanadium mines underpinned by our wholly-owned Shootaring Canyon
mill, one of only 3 licensed conventional mills in the U.S. The longer-term production strategy includes
the acquisition of complementary assets with potential to feed additional uranium and vanadium
resource to our Shootaring Canyon mill. We believe that the expected uranium resource delineated for
these holdings will serve as a core component of our longer-term strategy.”
*Artillery Peak Exploration Project, Mohave County, Arizona, 43-101 Technical Report, Dr. Karen
Wenrich, October 12, 2010. The resource estimates cited above are based on data and reports prepared
by the previous operator of the project. These resource estimates are of a historic nature. Work
necessary to independently verify the classification of the mineral resource estimates in accordance
with National Instrument 43-101, verified by a qualified person, and in compliance with CIM standards
has not been completed. This historical estimate should not be relied upon.
Qualified Persons
Douglas L. Beahm, P.E., P.G., principal engineer at BRS Inc., is a Qualified Person as defined in NI 43-101
and has reviewed and approved the technical content of this news release.
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-
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
V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on its
conventional asset centre, as summarized below:
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 include the Velvet-Wood Project, the Frank M Uranium Project, the West
Slope Project, as well as the Findlay Tank breccia pipe. A NI 43-101 PEA 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, resultantly, there is no certainty that the
included preliminary economic assessment would be realized. All conventional uranium assets are
situated within a 200-mile radius of the Shootaring Mill.
Technical Disclosure
Table 1. Anfield’s existing conventional uranium-vanadium project portfolio resources.
Project Location Classification Tons (kt)
Uranium
Grade
(% U3O8)
Contained
Uranium
(Mlbs U3O8)
Vanadium
Grade
(% V2O5)
Contained
Vanadium
(Mlbs V2O5)
Velvet-Wood Utah M & I 811 0.29% 4.6 - -
Inferred 87 0.32% 0.6 - -
West Slope Colorado Indicated 2,452 0.142% 6.9 - -
Inferred 2,452 - - 0.708% 34.7
Historic* 656 0.26% 3.5 1.49% 19.5
Slick Rock Colorado Inferred 2,549 0.228% 11.6 1.37% 69.6
Frank M Utah Historic* 1,137 0.101% 2.3 - -
Findlay Tank Arizona Historic* 211 0.226% 1.0 - -
Date
Creek/Artillery
Peak
Arizona Historic* 2,602 0.054% 2.8
* The Company’s Qualified Person has not done sufficient work to classify these historic estimates as current mineral resources and Anfield is
not treating such historical resources as current mineral resources.
Velvet-Wood: The PEA for Velvet-Wood was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc., Terence P. (Terry)
McNulty, P.E., D. Sc., of T.P. McNulty and Associates Inc. (May 31, 2016). Mineral resources are not mineral reserves and do not have
demonstrated economic viability in accordance with CIM standards. GT cut-off varies by locality from 0.25%-0.50%.
West Slope: NI 43-101 resource estimate for the JD-6, JD-7, JD-8 and JD-9 properties, completed by BRS Inc. (effective March 2022); Historic
resource estimate for the SR-11, SR-13A, SM-18 N, SM-18 S, LP-21 and CM-25 properties, completed by Behre Dolbear for Cotter Corporation
(August 2007). Indicated and Inferred resources using GT cut-off of 0.1 ft% eU3O8; historic resources using cut-off of 0.05% U3O8.
Slick Rock: Historical resource estimate prepared by BRS Engineering, Inc. (effective April 2014). GT cut-offs range from 0.25%-0.50%
Frank M: Historic Technical Report for Frank M, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G. Principal
Engineer of BRS Inc., and Andrew C. Anderson, P.E., P.G. Senior Engineer/Geologist of BRS Inc., dated June 10, 2008. Frank M historic resource
used a GT cut-off of 0.25%.
Findlay Tank: Historic Technical Report for Findlay Tank, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G.
Principal Engineer of BRS Inc., dated October 2, 2008. Findlay Tank historic resource used a grade cut-off of 0.05% eU3O8.
Artillery Peak: Artillery Peak Exploration Project, Mohave County, Arizona, 43-101 Technical Report, authored by Dr. Karen Wenrich, October
12, 2010. GT cut-off varies by locality from 0.01%-0.05%.
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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