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Anfield acquiring past-producing West Slope uranium-vanadium project in Colorado

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Anfield acquiring past-producing West Slope uranium-vanadium project in Colorado

Anfield Energy Inc. said Jan. 8 that it acquired the West Slope project, which consists of nine past-producing uranium-vanadium properties in Colorado, from Cotter Corp.

The transaction was made after Anfield agreed in March 2018 to buy Cotter's Charlie uranium project in Wyoming.

As consideration for the projects, Cotter will earn a 19.9% stake in Anfield, plus a 20% interest in all yellowcake production from Charlie and a 15% interest in all yellowcake and vanadium production from West Slope.

Anfield is expected to issue 11,051,775 shares to Cotter in the transaction.

The company said it will gain access to data from previous exploration activities at both projects, allowing rapid preparation of technical reports.