Anfield Resources Inks Deal to Acquire Shootaring Canyon Uranium Mill and Conventional Uranium Assets
August 18, 2014 / Anfield Resources Inc. (TSX.V:ARY.V - News)(OTCQB:ANLDF - News) ("Anfield" or "the Company") is thrilled to announce that it has entered into definitive agreements with Uranium One to acquire the Shootaring Canyon uranium mill (the "Shootaring Mill") located in Garfield County, Utah, and a portfolio of conventional uranium assets containing a historical estimate of U3O8 resource of 6.8 million poundsi (see Table 1 below). The properties, located in Utah, Arizona and South Dakota increase Anfield's uranium asset acreage by more than 250%. The deal, which is valued at five million US dollars, will be settled over a period of up to four years with a combination of cash and shares.
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This transaction provides a number of strategic advantages to Anfield, including:
-Potential creation of one of the very few uranium producers in the U. S.