NEW YORK, June 27, 2018 /PRNewswire/ --
The demand for cleaner energy sources is accelerating and developing markets, such as China
and India, are in need of stronger energy infrastructure. Data provided by the World Nuclear
Association, explains that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more starting
construction. The increasing growth of nuclear power in China is mostly credited to air
pollution from coal-fired plants. The new reactors, which are currently in construction and are expected to be the world's most
innovative, are meant to double the nuclear capacity of about 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by
2050. Anfield Energy Inc. (OTC: ANLDF), Cameco Corporation (NYSE: CCJ), Westwater Resources, Inc. (NASDAQ: WWR), NexGen Energy
Ltd. (NYSE: NXE), Alexco Resource Corp. (NYSE: AXU)
Recently, the U.S.A., Canada and Japan partnered to promote nuclear energy power. Director General of the World Nuclear Association,
Agneta Rising, explained, according to Forbes that, "Countries will need to use nuclear energy
alongside other forms of clean energy to deliver a sustainable energy mix that is affordable to all and that supports economic
development."
Anfield Energy Inc. (OTCQB: ANLDF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: AEC). Earlier in
May, the company announced that, "Stephen S. Lunsford has agreed to join the Company's Board of
Directors. Mr. Lunsford has had an extensive career as a geologist in the uranium sector, spanning four decades, with his vast
experience generated through his time working with entities such as Cameco Resources, Inc., American Nuclear Corp. and Power
Resources, Inc. (PRI). In addition, Mr. Lunsford was involved in a feasibility study completed by PRI for Cotter with regard to
Anfield's recently-acquired Charlie project in Wyoming.
Overall, Mr. Lunsford's regional expertise and uranium asset knowledge will be a significant asset to Anfield.
'We are excited to have someone of Mr. Lunsford's calibre joining our board of directors,' commented Anfield's CEO, Corey Dias. 'His successful career spanning four decades in
the uranium industry with well-known entities in the sector, such as Cameco and PRI, is impressive, and his extensive knowledge
of Wyoming uranium will prove to be a great value to the Company as we move our projects
forward. Moreover, his direct knowledge with regard to the Charlie project could allow Anfield
to further streamline our path to production.'
Mr. Lunsford began his career with American Nuclear Corp. in 1972 where he began as a Field Geologist supervising field
drilling programs for as many as seven drill rigs. He later became a Project Geologist where he organized and directed all
aspects of exploration drilling programs.
In 1987 Mr. Lunsford began work as a Project Geologist with Everest Minerals, which became PRI in 1989. In 1996, PRI was
acquired by Cameco Inc., and in 2008, PRI's name was changed to Cameco Resources. During his time with Everest/PRI/Cameco, Mr.
Lunsford planned and implemented delineation and exploration drilling programs and mapped subsurface roll fronts by means of
drill hole geophysical logs. As Project Geologist, he generated uranium reserve/resource evaluations, created and maintained
drill hole databases and planned and designed in-situ patterns. His responsibilities also included data collection and geology
for generating mine permit applications.
From 2000 to 2002 Mr. Lunsford served as the Senior Project Geologist on PRI's Smith Ranch-Highland Mine where he evaluated
the uranium reserve/resource estimation by geologic and geostatistical methods. He designed and evaluated uranium in-situ
production patterns, performed prospect evaluations, and created and/or supervised maintenance of the geophysical drill hole
database. He also managed production databases, tracked production and created monthly production reports.
In 2002 he became Chief Geologist for the Smith Ranch-Highland Mine where he evaluated uranium prospects and supervised
uranium IST mining efforts. As Chief Geologist he functioned as the Qualified Person (QP) for purposes of NI 43-101 reports.
From 2006 until his retirement in 2013, Mr. Lunsford served as Senior Evaluation Geologist for PRI/Cameco Resources. In this
position, he generated uranium prospects internally and evaluated prospects submitted from outside sources. During this period,
he continued to serve as the QP on NI 43-101 reports for PRI/Cameco.
From 2013 to 2014, Mr. Lunsford was a consulting geologist to Tetra Tech and Anatolia Energy on the Temrezil Uranium project
in Turkey. His responsibilities included reserve/resource estimation to enable definition of
mineral resource boundaries, and assisting in preparation of a preliminary wellfield layout to support the development of a
pre-feasibility study."
Cameco Corporation (NYSE: CCJ) is one of the world's largest uranium producers providing about 16% of the world's
production from our tier-one operations in Canada and Kazakhstan. In April, the Company reported its consolidated financial and operating results for the first
quarter ended March 31, 2018 in accordance with International Financial Reporting Standards (IFRS).
Net earnings were USD 55 Million and adjusted net earnings was USD 23
Million. Earnings were higher this quarter as compared to 2017, largely due to the gain realized on the restructuring of
JV Inkai and higher realized prices and deliveries in our uranium segment.
Westwater Resources, Inc. (NASDAQ: WWR) is focused on developing energy-related materials. The Company's battery
materials projects include lithium mineral properties in three prospective lithium brine basins in Nevada and Utah and now with the acquisition of AGC, the Coosa Graphite
Project and the associated Coosa Graphite Mine located across 41,900 acres in east-central Alabama. WWR's uranium projects are located in Texas, New Mexico and the Republic of Turkey. On May 14th,
2018, the Company announced its results for the first quarter of fiscal year 2018, and also discussed its business outlook
and its energy materials business development in 2018. The Company continued to maintain its uranium properties on standby, in
anticipation of improved uranium prices. Work continues to complete reclamation at Rosita in Production Areas 1 & 2 and
well-field reclamation at Vasquez. In New Mexico, the Company published a new technical report
outlining resources on its property holdings at Ambrosia Lake. The Company's Temrezli uranium property in Turkey, with estimated operating costs in the lowest quartile world-wide, is also being maintained on
standby.
NexGen Energy Ltd. (NYSE: NXE) is a British Columbia corporation with a focus on the
acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry
professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to
production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca
Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit
in February 2014, the Bow discovery in March 2015, the Harpoon
discovery in August 2016 and the Arrow South discovery in July 2017.
Earlier this year, the Company reported assay results for the final 28 holes from its summer 2018 drill program on our 100%
owned, Rook I property, in the Athabasca Basin, Saskatchewan.
A1 shear with a geotechnical test hole and will be followed up during the winter 2018 drill program.
Alexco Resource Corp. (NYSE: AXU) owns 100% of the high-grade Keno Hill Silver District in Canada's Yukon. Recently, the Company announced that its wholly owned U.S.
subsidiary, Alexco Water and Environment Inc., entered into a Master Services Agreement with Colorado Legacy Land LLC to become
the Operator of Responsible Charge for the Schwartzwalder Mine and the former Cañon City Uranium Mill reclamation and cleanup
projects located approximately 45 miles northwest and 115 miles south of Denver, respectively.
The two projects comprise a total of approximately 3,300 acres of freehold land which are subject to a mine reclamation permit
and radiation materials licenses.
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