Anfield Energy Closes Oversubscribed Private Placement of $3.1 million
Summary
VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (Anfield or the Company) is pleased to announce that it has closed its oversubscribed non-brokered private placement via the issuance of 47,726,100 Units at a price of $0.065 per Unit, for gross proceeds of $3,104,537 (the Offering). All securities issued in connection with the Offering are subject to a statutory hold period until April 21, 2024 in accordance with applicable securities laws.The proceeds from the Offering will be used for the funding of the Companys Radioactive Materials License restart application with the State of Utah, drill program permitting costs for both the Slick Rock and Velvet-Wood mines, acquisitions and general working capital.Anfield is a uranium and vanadium 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 assets. GT cut-off varies by locality from 0.25%-0.50%.Frank M: Historic Technical Report for Frank M, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G. GT cut-off varies by locality from 0.01%-0.05%.Marquez-Juan Tafoya: The Historical Technical Report, Preliminary Economic Assessment, for Marquez-Juan Tafoya, prepared for Uranium Energy Corporation, was authored by Douglas L. Beahm, P.E., P.G., Principal Engineer of BRS Inc., and Terence P. McNulty, P.E., PhD, McNulty & Associates, dated June 9, 2021. The mineral resources are reported at a 0.60 GT cut-off..On behalf of the Board of DirectorsANFIELD ENERGY INC.Corey Dias, Chief Executive OfficerNeither the 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.Safe Harbor StatementTHIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS.