Anfield Energy to Acquire Marysvale and Calf Mesa Uranium Projects, Utah
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Anfield Energy has entered into a definitive agreement with Nedeel LLC and BBL-2 LLC to acquire a 100 percent interest in 65 unpatented mining claims and historical data of the Marysvale uranium project, located in Beaver County, Utah, and 100 percent interest in 26 unpatented mining claims and historical data of the Calf Mesa uranium project, located in Emery County, Utah.
“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,” said Corey Dias, Anfield’s CEO.
“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 three 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,” added Dias.
Uranium was discovered in the Marysvale area in 1949 and produced approximately 1.4 million pounds, at a reported average grade of 0.22 percent U3O8, of uranium between 1952 and 1967. Mined material was shipped to a government ore-buying station located in Marysvale, Utah.
The project is located within the Marysvale volcanic field approximately 100 air miles west and north of the Shootaring Canyon mill.
About Anfield Energy
Anfield Energy Inc. operates as a uranium and vanadium development and production company in the United States. It primarily explores for uranium, vanadium, and gold deposits. The company’s uranium-vanadium portfolio comprises Velvet Wood project located in Utah; West Slope project, which consists of nine department of energy leases covering 6,913 acres situated in Colorado; Frank M deposit located in Utah; and Findlay Tank breccia pipe project situated in Arizona. It also holds interest in the Newsboy gold project that consists of 35 federal lode claims and four state leases in Maricopa County, Arizona. The company was formerly known as Anfield Resources and changed its name to Anfield Energy in December 2017. Anfield Energy Inc. was incorporated in 1989 and is headquartered in Burnaby, Canada.
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