Anfield Energy Begins Exciting New Drill Program at Slick Rock
Anfield Energy Starts Ambitious Drill Program at Slick Rock
Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) has officially kicked off an extensive 20-hole, 20,000-foot rotary drill program at its Slick Rock project, aimed at exploring uranium and vanadium resources. Engaging Tri Park Corporation, a local drilling contractor, along with Wyoming's Hawkins CBM Logging for downhole geophysical logging, the company is set on ensuring thorough analysis and evaluation of this significant site.
Progress and Development Plans
Corey Dias, the CEO of Anfield, expressed excitement regarding their collaboration with Tri Park Corp, emphasizing the importance of local contractors in propelling the Slick Rock project forward. He stated, "This engagement is pivotal for us; it enables the validation of existing historical data and the enhancement of our resource evaluation concerning uranium and vanadium. Our objective aligns with streamlining development timelines for the Slick Rock and Velvet-Wood mines, ensuring readiness for production ahead of the Shootaring Canyon mill's restart, facilitating smooth initial feed transport once operational."
Strategic Growth and Opportunities
The recent months have showcased significant advancements in Anfield's operational timeline, underlined by actions such as the mill restart application and the approval of a drilling program. Each of these milestones contributes to the company's overarching strategy, which aims to capitalize on the growing demand for uranium and vanadium—a market driven by an increasing number of nuclear reactors globally. To date, with 439 reactors in operation, along with 64 under construction and 88 planned, the nuclear renaissance is gaining momentum, highlighting a surging need for sustainable Uranium sources, particularly in the US.
Market Dynamics Influencing Supply
Recent developments hint at constraints in uranium supply, stemming from production cuts in key regions such as Kazakhstan and geopolitical tensions affecting supply stability. The shift in focus of primary suppliers like Kazatomprom further emphasizes the pressing necessity for a robust domestic uranium supply, crucial for energy independence. Anfield Energy appears optimally positioned to address these market needs, offering timely and strategically beneficial resources.
Changes in Corporate Engagements
In another update, Anfield Energy has announced the termination of its engagement with CanaCom Group, which was initially set for a twelve-month term. This adjustment reflects the company's commitment to ensuring compliance with TSX regulations regarding promotional activities. Effective from August, the termination allows Anfield to maintain a credit balance as it navigates strategic partnerships moving forward.
Qualified Person Disclosure
Douglas L. Beahm has been designated as the Qualified Person in line with NI 43-101 guidelines, having approved this technical content to ensure compliance with industry standards. This reinforces Anfield's commitment to transparency and accuracy in its operational disclosures.
About Anfield Energy
Anfield Energy operates as a dedicated uranium and vanadium development and production company. With a focus on sustainable growth, Anfield aims to emerge as a leading supplier in the energy sector. The company is publicly traded on multiple platforms, including the TSX-Venture Exchange and OTCQB Marketplace, emphasizing its global outreach and commitment to responsible mining practices.
Key Asset Overview
Among its most notable assets, Anfield’s Shootaring Canyon Mill stands out as a strategically positioned facility within a historical uranium production area in the United States. The mill plays a crucial role in processing uranium extracted from Anfield’s various projects, including those in Arizona, Utah, and Colorado, as illustrated in their conventional asset portfolio.
Frequently Asked Questions
What is the main aim of Anfield's drill program at Slick Rock?
The drill program aims to explore and evaluate uranium and vanadium resources, enhancing the resource estimates for the Slick Rock project.
Who is conducting the drilling operations for Anfield?
Anfield has engaged Tri Park Corporation as the local drilling contractor, alongside Hawkins CBM Logging for necessary logging and analysis.
What distinguishes Anfield's Shootaring Canyon Mill?
The Shootaring Canyon Mill is one of only three licensed uranium mills in the United States, strategically located within a historical uranium production area.
How is Anfield addressing market demands for uranium?
Anfield is strategically positioned to supply domestic uranium as it focuses on ramping up production in response to increasing global nuclear power demands.
Who oversees the technical content for Anfield's projects?
Douglas L. Beahm, P.E., P.G., serves as a Qualified Person overseeing the technical disclosures, ensuring adherence to NI 43-101 standards.
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