https://www.miningweekly.com
Energy|Exploration|PROJECT|Resources|Drilling
Energy|Exploration|PROJECT|Resources|Drilling
energy|exploration|project|resources|drilling

Anfield Energy to buy uranium project in New Mexico from enCore Energy

6th June 2023

By: Reuters

  

Font size: - +

Canada-based Anfield Energy said on Tuesday it will buy the Marquez-Juan Tafoya uranium project in New Mexico from enCore Energy's wholly-owned subsidiary Neutron Energy for C$16.1-million.

Anfield will acquire the project, with historical indicated uranium resources of 18.1-million pounds, for C$5-million in cash and 185-million of its common shares, it said in a statement.

The acquisition will increase Anfield's uranium resource base by more than 60%, its chief executive Corey Dias said.

The uranium project went through extensive mineral exploration by drilling and defined significant uranium resources in the 1970s and early 1980s, Anfield added.

Upon closing of the deal, expected on or before July 21, 2023, enCore will have the right to one seat on the board of directors of Anfield as long as enCore holds at least 10% of the issued shares of Anfield.

Edited by Reuters

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones, wear-resistant linings,...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.062 0.094s - 90pq - 2rq
Subscribe Now