Anfield Energy Plans to Raise $14 Million Through Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Fundraising Initiative: Anfield Energy Inc. is set to raise up to $7 million through a non-brokered private placement of up to 1,120,000 common shares at $6.25 each, indicating a proactive approach in capital markets.
- Concurrent Offering: Uranium Energy Corp. intends to subscribe for an equal number of subscription receipts at the same price, potentially bringing total gross proceeds to $14 million, thereby enhancing the company's financial flexibility.
- Use of Proceeds: The funds raised will be allocated to capital commitments for the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, aimed at driving sustainable growth in core operations.
- Regulatory Compliance: The offering requires approval from the TSX Venture Exchange and NASDAQ, ensuring that the company adheres to regulatory frameworks while advancing its fundraising efforts.
AEC
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About AEC
Anfield Energy Inc. is a Canada-based uranium and vanadium development and near-term production company. The Company’s portfolio of projects includes Shootaring Canyon Mill, Velvet-Wood, Slick Rock and West Slope. Its additional projects include Marquez-Juan Tafoya Uranium, Frank M, Findlay Tank Breccia Pipes, Newsboy Gold and Artillery Peak. The Shootaring Canyon Mill is located approximately 77 kilometers south of Hanksville, Utah. The Slick Rock is an advanced-stage uranium and vanadium project located in San Miguel County, Colorado, covering approximately 4,976 acres with 268 contiguous mineral lode claims. The West Slope Project, located in Montrose and San Miguel Counties of southwestern Colorado, consists of nine Department of Energy (DOE) leases, associated with adjacent lode mining claims and leases, covering 6,913 acres. It has also entered into a definitive agreement to acquire a 100% interest in twelve DOE leases and associated data in various counties in Colorado.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
