Anfield Energy (TSX.V: AEC) announced yesterday that it will acquire enCore Energy's Marquez-Juan Tafoya uranium project, located in the Grants Uranium Mineral District, 50 miles west-northwest of Alberquerque, New Mexico.
enCore will receive 185 million common shares of Anfield and C$5 million in cash.
Corey Dias, Anfield’s CEO, explained why the project fits within the company.
“We are very pleased to acquire the Marquez-Juan Tafoya Uranium Project for a number of reasons: first, the advanced nature of the Project’s uranium resource, which is in line with our acquisition strategy of pursuing assets with either historical production or a historical or current resource; second, the size of the deposit, which would both represent Anfield’s largest single uranium project and increase the Company’s uranium resource base by more than 60%; and third, the Company’s expansion into another historically-prolific uranium region which could, in the longer term, serve as both a regional anchor project and Shootaring mill feed. Finally, we are pleased with the addition of enCore as a core shareholder, a company on the cusp of ISR-based uranium production in the US," said Dias.
