Why Invest:
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Assets in premier mining jurisdictions
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Utah and Wyoming were ranked 7th and 26th, respectively, in the world in Fraser Institute's 2018 Investment Attractiveness Index
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Wyoming is among the largest uranium ISR producing regions in the world
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Near-term, low-cost production opportunity in Wyoming via Anfield's Charlie Project
Near-Term, Low-Cost, US Uranium Production Potential
It is a simple story of supply versus demand.
As uranium's worldwide demand grows, its supply has been declining and utilities will soon find themselves needing to engage producers to cover their current shortfall of contracted fuel.
Investors looking into the exciting uranium market who want to capitalize on this shortfall should take stock of what is happening in Wyoming, as well as Utah. The latest offering in the Stockhouse Deal Room has a unique play in just this order.
Globally ranked 7th and 26th, respectively, in the Fraser Institute's 2018 Investment Attractiveness Index, Wyoming is among the largest uranium in-situ recovery (ISR) producing regions in the world and Utah's history with the resource is more than a century old.
Operating in both of these regions is uranium and vanadium development and near-term production Company Anfield Energy Inc. (TSX-V: AEC, OTCQB: ANLDF, Forum), who has significant exposure to lower-cost, smaller-scale and nearer-term production. AEC is focused on two potential production centres:
Wyoming – Charlie Uranium Project
Anfield's flagship uranium project, Charlie, is located in the Pumpkin Buttes Uranium District in Johnson County and consists of a 720-acre Wyoming State uranium lease which has been in development since 1969. Based on a Preliminary Economic Assessment released in 2019, pre-production costs of US$6.7M over a period of 24 months and all-in production-related costs of US$36/lb make it one of the lowest-cost opportunities in the sector. Moreover, an NPV of US$18.9M – based on an 8% discount rate and US$65/lb uranium price – is well above Anfield's current market cap.
Anfield has another 24 uranium ISR properties in Wyoming located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas, For three of these projects - Red Rim, Nine Mile Lake and Clarkson Hill – NI 43-101 compliant resource reports have been completed. Anfield aims to use many of these 24 projects to create a long-term, sustainable production pipeline once Charlie has been depleted.- both have complete NI 43-101 resource reports..
Through a Resin Capture and Processing Agreement with Canadian uranium mining company Uranium One, Anfield's plan is to process upwards of 500,000 pounds per annum of its mined material at Uranium One's Irigaray ISR processing plant. Anfield's Charlie project will be processed via this Agreement. Anfield can also buy and borrow uranium from Uranium One to fulfill sales contracts.
Arizona / Utah / Colorado – Shootaring Canyon Mill
Located in Garfield County, Utah, Anfield's Shootaring Canyon Mill is another key asset for the Company, situated within one of the most prolific uranium production areas in the United States. It is also one of only three licensed, permitted and constructed conventional uranium mills in the United States.
The Company's conventional uranium assets (situated within a 200-mile radius of the Shootaring Mill) include the Velvet-Wood Project, the Frank M Uranium Project, the West Slope Project as well as the Findlay Tank breccia pipe. An NI 43-101 Preliminary Economic Assessment has been completed for the Velvet-Wood Project.
Anfield's conventional uranium assets also consist of mining claims and state leases in Colorado and Arizona.
Private placement:
Under the terms of Anfield Energy's latest round of financing, the units will be sold on a non-brokered private placement basis at a price of $0.05 (CAD) per unit. Each unit consists of one common share of the issuer and one common share purchase warrant, entitling the holder to purchase an additional common share at $0.10 per warrant share for a period of 12 months from their date of issue.
Sustainable, efficient uranium and vanadium growth and development:
Committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets, Anfield is targeting areas where past uranium mining or prospecting occurred. The Company is an attractive opportunity for investors, trading at market cap / resource multiple of only $0.35 (CAD)/lb U3O8, which is a discount of roughly 72% (at an average of $1.24) to other North American-focused uranium exploration and development companies.
As the global uranium supply continues to shrink, prices will only go higher, and Anfield Energy Inc. should see benefit from this imbalance as the Company executes its two-pronged production approach.
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View Anfield Energy Inc.'s Deal Room Private Placement here for full details on their current financing opportunity
FULL DISCLOSURE: Anfield Energy Inc. is a paid client of Stockhouse Publishing Ltd. (Stockhouse). Stockhouse is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to Anfield Energy Inc. In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.