- Anfield Energy (AEC) advanced several milestones in 2022, and the company says it’s on track for more growth this year
- Corey Dias, CEO of Anfield Energy, sat down with Sabrina Cuthbert to discuss the year in review
- Anfield raised more than $22 million, including its largest single equity raise to date, and finalized negotiations with its now-largest single shareholder, Uranium Energy Corporation (UEC)
- These checkpoints mean Anfield can fully advance its assets, including the Shootaring Canyon mill in Utah, along the path to uranium and vanadium production
- Anfield Energy (AEC) opened trading at C$0.07
Anfield Energy (AEC) advanced several milestones in 2022, and the company says it’s on track for more growth this year.
Last year, Anfield raised more than $22 million, including its largest single equity raise to date, and finalized negotiations with its now-largest single shareholder, Uranium Energy Corporation (UEC). These checkpoints mean Anfield can fully advance its assets, including the Shootaring Canyon mill in Utah, along the path to uranium and vanadium production.
The company also commissioned an NI 43-101 resource report for four mines at the West Slope project in Colorado, which outlined a uranium resource of 2.2 million kg and a vanadium resource of 12.2 million kg.
Looking ahead, the company says that a number of Preliminary Economic Assessments (PEA) are critical to its hub-and-spoke strategy. Anfield is expecting to issue an updated PEA for Velvet Wood in Utah, as well as West Slope and the Slick Rock project.
Corey Dias, CEO of Anfield Energy, sat down with Sabrina Cuthbert to discuss the year in review further.
“The macro view of the nuclear and uranium markets is increasingly positive. With a shift away from Russia, the value of European and North American uranium conversion and enrichment has increased significantly as these continents look to not only shift away from Russian-sourced fossil fuels but also to embrace nuclear power. The challenges related to Kazakhstan’s uranium supply chain have disrupted product flow to the West. As a result, China has taken the opportunity to seek closer ties to Kazakhstan as it continues to build out its extensive nuclear reactor fleet, negatively affecting uranium supplies available to the U.S. and other Western countries.”
Anfield Energy Inc. (AEC) is a uranium and vanadium development and near-term production company. 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 Energy Inc. (AEC) opened trading at C$0.07.
