Anfield Resources Inc. pursues operational status for Shootaring Canyon Mill07 Jul 2016
VANCOUVER, BRITISH COLUMBIA—TNW-ACCESSWIRE—July 7, 2016—Anfield Resources Inc. (TSX.V: ARY)(FRANKFURT: oAD) (“Anfield” or “the Company”) is pleased to announce that it submitted a plan to the Utah Division of Waste Management and Radiation Control (“UDWMRC”) on June 30, 2016 to transition the Shootaring Canyon uranium mill (the “Shootaring Mill” or the “Mill”) located in Garfield County, Utah, from standby to operational status with its application to renew its license for the Shootaring Mill.
Anfield’s CEO Corey Dias commented: “We have taken a significant step forward by providing a plan to the UDWMRC to transition the Mill to operational status through the submission of our application for the renewal of the Shootaring Mill license. This, when combined with our recent positive preliminary economic assessment with regard to the Velvet-Wood uranium mine, signals our confidence in the renaissance of the uranium mining industry. We remain confident that uranium will continue to play a significant role in the energy sector both today and into the future. We are committed to becoming a leading uranium producer in the largest nuclear power generating market in the world.”
About the Shootaring Mill
The Shootaring Mill, located approximately 48 miles (77 kilometers) south of Hanksville, Utah, was the last conventional uranium mill to be built in the United States and is strategically situated amongst several known uranium deposits. The Mill was built in 1980 and operated for a period of four months until it ceased operations in 1982, meeting all applicable performance guarantees. The Mill has been maintained in excellent condition since being placed on standby.
The Shootaring Mill is a conventional acid-leach facility that is permitted to process up to 750 tonnes of ore per day, with a capacity to process up to 1,000 tonnes per day. During its period of operation, the Mill processed 28,000 tonnes of ore containing 30,000 pounds of U3O8 with recoveries of over 90%.
About the Utah Division of Waste Management and Radiation Control
The UDWMRC is a division within the Utah Department of Environmental Quality, and is the regulatory agency in Utah responsible for licensing the Shootaring Mill. The mission of the UDWMRC is to protect Utah citizens and the environment from sources of radiation that pose a significant health and/or environmental risk or hazard. Utah is an “agreement state”, meaning that the federal Nuclear Regulatory Commission (NRC) has delegated to the state of Utah control over radioactive materials licensing.
About Anfield Resources Inc.
Anfield is an energy metals exploration, 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 energy metals assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V) and the Frankfurt Stock Exchange (0AD).
On behalf of the Board of Directors
ANFIELD RESOURCES INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Anfield Resources Inc. Clive Mostert Corporate Communications 780-920-5044 firstname.lastname@example.org www.anfieldresources.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH SEEKING THE CAPITAL NECESSARY TO COMPLETE THE PROPOSED TRANSACTION, THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL BE ABLE TO COMPLETE THE PROPOSED TRANSACTION, THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.