- Anfield Energy Inc. (AEC) signed an agreement with LiVada Corporation for 119 Arizona-based claims and related historical data
- The sellers will receive roughly $67,000 in cash and six million Anfield common shares
- The new claims border Anfield’s current project in the Date Creek Basin and will double the company’s claim holdings in the area
- The claims may hold lithium mineralization as well as uranium
- Anfield Energy Inc. (AEC) is unchanged, trading at $0.08 per share as of 2:36 p.m. EST
Anfield Energy Inc. (AEC) has signed an agreement with LiVada Corporation to acquire 119 Arizona-based mining claims and related historical data.
As consideration for the claims and associated data, the sellers will receive roughly $67,000 in cash and six million Anfield common shares. Closing of the acquisition and the issuance of the consideration shares are still subject to the approval of the TSX Venture Exchange.
Once issued, the consideration shares will be subject to statutory restrictions on resale. No finders’ fees or commissions are owed by Anfield in connection with the acquisition of the claims.
The new claims border Anfield’s current project in the Date Creek Basin and will double the company’s claim holdings in the area. The combined claim body will be considered a part of the uranium resource report for the company’s Date Creek Basin/Artillery Peak projects.
Corey Dias, Anfield’s CEO, commented,
“We will maintain this momentum as we continue to expand our Arizona-based holdings in this region… In addition to its uranium prospectivity, the seller believes the project area is prospective for lithium mineralization.”
The company stated this acquisition is in line with its two-fold strategy of acquiring uranium assets for near- and long-term production plans.
Anfield Energy Inc. (AEC) is unchanged, trading at $0.08 per share as of 2:36 p.m. EST.