Firm Commissioned To Develop Reactivation Plan For Shootaring Canyon Mill

VANCOUVER - Anfield Energy Inc. has commissioned Precision Systems Engineering (“PSE”), a Utah-based engineering firm, to complete a reactivation proposal for the Shootaring Canyon Mill. The proposal, expected to be completed in Q2/23, will include a detailed study of the existing facility and uranium circuit, along with a preliminary design of a new vanadium circuit, along with detailed cost estimates related to full reactivation of the Shootaring facility. The proposal will also be provided to the State of Utah as part of Anfield’s work to advance its radioactive materials license from its current standby status to production-ready status. Upon completion, PSE will manage the equipment procurement process on behalf of Anfield through the creation of bidding packages to be provided to qualified vendors.

Corey Dias, CEO, said, “We are very excited to engage PSE to complete the reactivation proposal for Shootaring as this is the final required engineering step prior to the actual physical refurbishment of the mill for the purpose of production restart.. PSE brings a wealth of uranium-related mine and mill design experience to the table, and has in-house experience specifically related to Shootaring. PSE will perform a detailed study of the existing facility and provide preliminary designs for options related to both uranium and vanadium production, building upon the substantial existing infrastructure and facilities already in place at site. This work is expected to produce outputs at a level consistent with pre-feasibility standards and accuracy.

Anfield’s hub-and spoke uranium and vanadium production strategy is underpinned by the Shootaring Canyon Mill, and we are looking forward to completing this pre-production phase to move Shootaring towards production restart. Once the updated mill designs – including an engineering design for a vanadium circuit - are completed and inputs fully costed, we will, with the help of PSE, begin the process of engaging parties to complete these upgrades on the ground in furtherance of a near-term production restart at Shootaring.”