Anfield Resources Announces Name Change and Share Consolidation
TSX VENTURE: AEC
VANCOUVER, BC--(Marketwired - December 22, 2017) - Anfield Resources, Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT:0AD) ("Anfield" or "the Company") is pleased to announce it will be changing its name to "Anfield Energy Inc." ("Anfield Energy"), to better emphasize its energy metals focus. In addition, Anfield will be consolidating its 209,443,580 outstanding common shares on a 10:1 basis. Both actions will take effect as of the market open on December 27, 2017. Following completion, Anfield Energy will trade on the TSX Venture Exchange under the new ticker symbol "AEC".
Corey Dias, Anfield's CEO stated, "We believe that this name change better reflects our position as an energy metals entity. As such an entity, advancing our uranium assets and evaluating the potential of our vanadium assets present very appealing market opportunities. Hence our company strategy is to continue pursuing and developing assets which enhance our position and market value".
Anfield also announces the retirement of Stephen Butrenchuk from the Company's Board of Directors, effective December 31, 2017. Anfield's Board of Directors takes this opportunity to thank Mr. Butrenchuk for his many years of service and contributions to the Company.
Anfield is an energy metals exploration, 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 energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below:
Wyoming - Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield has also signed a Resin Processing Agreement with Uranium One wherein Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One's Irigaray processing plant in Wyoming. In addition, should Anfield sign uranium sales contracts, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its contracts.
Anfield's ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming.
Arizona/Utah - Shootaring Canyon Mill
A key asset in Anfield's existing portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.
Anfield's conventional uranium assets consist of mining claims and state leases in southeastern Utah, and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield's conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of the Shootaring Mill.