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Anfield and Uranium Energy Corp. Enter Partnership for C$26.5 Million Financing

Jan 14, 2025over 1 year ago

Contract Type

partnership

BurnabyOtherMining

Description

Anfield Energy Inc. has entered into a subscription agreement with Uranium Energy Corp. for a C$26.5 million financing, comprising of a C$15 million equity financing and a US$8 million credit facility increase with Extract Advisors LLC. This partnership provides Anfield with significant funding to advance its uranium and vanadium production, pursue a senior US stock exchange listing, and other strategic initiatives.

Company Information

Company

Anfield Energy

Location

2005 - 4390 Grange Street

Burnaby, British Columbia, Canada

About

Anfield is a uranium and vanadium 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 assets. Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on its conventional asset centre, as summarized below: Arizona/Utah/Colorado – Shootaring Canyon Mill A key asset in Anfield’s 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, Colorado, 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, the West Slope Project, as well as the Findlay Tank breccia pipe. A NI 43-101 PEA has been completed for the Velvet-Wood Project. The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and, resultantly, there is no certainty that the included preliminary economic assessment would be realized. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.

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