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Anfield Energy riding current momentum in uranium with its US energy assets

Last updated: 22:30 27 Sep 2023 AEST, First published: 23:56 23 Jan 2023 AEDT

Snapshot

  • Anfield Energy announces C$4.3M credit facility with shareholder
  • Anfield Energy sells royalty portfolio to focus on advancing its wholly-owned uranium assets
uranium powder

About the company

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.

How it is doing

27 Sep 2023

Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) announced that it has entered into a credit agreement with existing shareholder Extract Advisors for a credit facility of $4.3 million.

On top of its recent equity financing, Anfield said the credit facility will support its asset transaction strategy, including the Marquez-Juan Tafoya transaction, and ongoing work programs in pursuit of the Shootaring Canyon mill reactivation.

“We are pleased to have executed this dual-pronged financing plan, facilitated with Extract, a shareholder of the company,” commented Anfield CEO Corey Dias.

“The facility offers us repayment flexibility and moderated against what would have been larger share dilution on the recent equity financing. The funds not only help to advance the Shootaring Canyon Mill – which represents only one of three licensed, permitted and constructed conventional uranium mills in the United States - but will also provide Anfield with additional financial flexibility as we continue to advance and grow our strategic US-based uranium and vanadium portfolio.”

20 Jul 2023

Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) said it has completed the acquisition of Neutron Energy, a wholly-owned subsidiary of enCore Energy Corp,

The acquisition sees Anfield gain control of the Marquez-Juan Tafoya uranium project in the Grants Uranium Mineral District, approximately 50 miles west-northwest of Albuquerque, New Mexico.

10 Jul 2023

Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) is heading into the second half of 2023 with an additional C$4.5 million in the bank to advance its uranium assets.

The company announced it had completed a brokered private placement, raising gross proceeds of C$4,500,100 through the issuance of 81,820,000 units of the company at a price of C$0.055 per unit.

What management says

18 Nov 2022

 

Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) CEO Corey Dias tells Proactive's Stephen Gunnion that the company plans to use the proceeds from the $1.5 million sale of its uranium royalty portfolio to Uranium Royalty (USA) Corp to focus on its wholly-owned assets in Colorado, Arizona and Utah.

Dias says Anfield continues to advance its assets to near-term production while it seeks further opportunities to increase its longer-term uranium and vanadium pipeline in order to extend the life of its conventional mine-and-mill complex.
 

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