VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / August 21, 2014 / Anfield Resources Inc. (TSX.V: ARY)(OTCQB: ANLDF) ("Anfield" or "the Company") is pleased to announce that it has filed an application with the Utah Division of Radiation Control ("UDRC") to approve the transfer of ownership of the radioactive materials license for the Shootaring Canyon Uranium Mill ("Shootaring Mill") from Uranium One to Anfield and to request an extension of the license to allow Anfield to prepare a license renewal application. The application to transfer ownership has been jointly filed by Uranium One and Anfield pursuant to definitive agreements, announced on August 18, 2014, under which Anfield has agreed to acquire the Shootaring Mill and a portfolio of conventional uranium assets from Uranium One ("Shootaring Transaction"). The UDRC is the regulatory entity in Utah responsible for licensing the Shootaring Mill.
Corey Dias, CEO of the Company stated: "The transfer application is the first step in the process of restarting the Shootaring Mill, one of only three licensed conventional uranium mills in the United States. We look forward to developing a positive working relationship with the UDRC during the transfer and restart process."
About the Utah Division of Radiation Control
The UDRC 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 UDRC 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's Uranium Properties
Anfield is an energy metals exploration and development company that is committed to becoming a premier energy fuels supplier and a top-tier performer by creating value through sustainable, efficient growth in its energy metals assets and production capabilities. Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (ARY-V) and the OTCQB (ANLDF). Anfield is focused on the acquisition and development of an array of strategic energy metals projects as summarized below:
Upon the closing of the Shootaring Transaction, the key asset in Anfield's portfolio will be the Shootaring Mill in Garfield County, Utah. The Shootaring 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.
Upon the closing of the Shootaring Transaction, Anfield's uranium assets will include mining claims and state leases in southeastern Utah, Colorado, South Dakota and Arizona totalling nearly 65,500 acres (26,507 hectares), targeting areas where past uranium mining or prospecting occurred. Upon the closing of the Shootaring Transaction, Anfield's uranium assets will contain a historical estimate of U3O8 resource of 6.8 million pounds and will lie within a 125-mile radius of the Shootaring Mill. The flagship resource asset is the Velvet-Wood Deposit that contains a historical resource estimate of measured and indicated U3O8 at an average grade of 0.285%, and had past production of 4 million pounds of U3O8 at an average grade of 0.46%.
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.
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SOURCE: Anfield Resources Inc.
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