Acquisition Of The Marysvale And Calf Mesa Uranium Projects

VANCOUVER - Anfield Energy Inc. has entered into a definitive agreement with Nedeel LLC & BBL-2 LLC to acquire 65 unpatented mining claims and historical data of the Marysvale uranium project, located in Beaver County, Utah, and 26 unpatented mining claims and historical data of the Calf Mesa uranium project, located in Emery County, Utah.

Corey Dias, CEO, said, “We are pleased to secure additional claims near our Utah projects, including the Shootaring Canyon Mill, and will continue to seek out prospective assets which fit into our two-fold strategy of acquiring both near term and longer-term uranium and vanadium assets which will fit into our overall production plan. The near-term strategy centers on our advanced Utah and Colorado uranium and vanadium projects – Velvet Wood, West Slope and Slick Rock – 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. Much like our Artillery Peak acquisition, we believe that Marysvale and Calf Mesa will complement our existing assets and serve as part of our longer-term strategy.”