Canada-based Anfield Energy announced on 1 March that it has completed a $1.8m deal with US Cotter Corporation Cotter, a General Atomics (GA) affiliate, to acquire both the Charlie in-situ recovery uranium project in Wyoming and nine uranium/vanadium properties in Colorado, collectively known as the West Slope Project. Cotter received more than 11 million common shares in Anfield and now holds a 19.9% ownership interest in the company. According to Anfield CEO Corey Dias, the company plans to establish an ISR uranium mine-and-mill complex in Wyoming and a conventional uranium and vanadium mine-and-mill complex within Colorado and Utah, where the company also owns the Shootaring Canyon Mill property.

“As uranium and vanadium markets continue to trend upwards, buoyed by burgeoning demand and declining supply, we are now even better-positioned for production at the appropriate time,” he said.

The Shootaring Canyon Mill in Utah is a key asset in Anfield’s portfolio. It is strategically located within one of the historically most prolific uranium production areas in the USA, and is one of only three licensed US uranium mills. Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah and Arizona, targeting areas where past uranium mining or prospecting occurred. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill. Cotter, headquartered in Denver, Colorado, was originally incorporated in 1956 in New Mexico as a uranium production company but has also produced uranium, vanadium, molybdenum, silver, lead, zinc, copper, selenium, nickel, cobalt, tungsten and limestone.