Anfield Energy
Primary ticker: TSXV:AEC, OTCQB:ANLDF, FRANKFURT:0AD
Stage of development: Development
Primary minerals: Uranium and vanadium
Project to promote: Shootaring Canyon mill; Velvet-Wood mine; Slick Rock mine
Project location: United States
Website: www.anfieldenergy.com
Anfield Energy is a near-term uranium and vanadium producer with all of its assets in the United States. Its hub-and-spoke production strategy is underpinned by the Shootaring Canyon mill, one of only three conventional uranium mills in existence in the United States, with production slated to commence in 2027.
Cash: CAD$14M
Debt: CAD$8M
Major shareholders:
enCore Energy – 15%
UEC – 18%
URNM – 8%
Management & Insiders – 5%
Management Ownership – 4 %
Financials
Management Profile
Corey Dias – Co-Founder and CEO
Mr. Dias has been CEO of Anfield since 2013, and has played a major role in the Company’s M&A activities, growing its uranium and vanadium asset portfolio significantly over the years. Mr. Dias has spent more than 20 years in capital markets, including work as both an equity research analyst and portfolio manager, and holds an MBA from the University of Western Ontario.
What is your rationale for taking part in 121 Mining Investment?
Looking to introduce the story to US-based investors. Looking for both market support and the potential of a capital infusion.
What recent news would you like to highlight to investors attending?
April 22 – NASDAQ application submitted
May 27 – DoI approval of environmental permit for Velvet-Wood
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Secure large mine permit for Velvet-Wood; submit Plan of Operations for Slick Rock mine; commence pre-construction work at Shootaring Canyon mill.
6 Months:
Acquire additional uranium assets which fit into our hub-and-spoke production profile; hire both mine and mill-related staff
12 Months:
Commence mill refurbishment
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Larger scale funding for mill refurbishment; US government money is available for both processing facilities and mining; applications in for both
What do you think makes your company such a compelling investment?
We are one of only a handful of near-term uranium producers based in the US, the largest consumer of uranium in the world. Our production capacity of 3Mlbs/year can be easily absorbed in a 50Mlb/year domestic market.
What are the top 3 key investor takeaways?
We own a mill – significant differentiator vis-a-vis many of the other uranium companies in the market; we have near-term production planned – not many are at a similar stage; we are in the US – the largest consumer of uranium worldwide, with little current domestic uranium production taking place.