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Anfield Submits Drill Program Permit Application for Slick Rock

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Anfield Energy Inc. Submits Drill Permit Application for Slick Rock Project

Anfield Energy Inc. is pleased to announce that it has submitted a drill permit application to the Bureau of Land Management (BLM) for its Slick Rock uranium and vanadium project. This marks a significant step towards securing a large mine permit and advancing future production of uranium and vanadium.

Development Strategy

Anfield's CEO, Corey Dias, expressed enthusiasm for the development at Slick Rock, highlighting its importance in the company's uranium and vanadium production strategy. The drill program will verify and upgrade the known resource at the site, meeting the criteria for securing a large mine permit. Anfield aims to have Slick Rock ready for production ahead of the restart of the Shootaring Canyon mill.

Potential Production

Based on Anfield's Preliminary Economic Assessment, production at Slick Rock, combined with other projects, could average 750,000 pounds of uranium and 2,250,000 pounds of vanadium per year over a sixteen-year period. The company anticipates that approximately two-thirds of the annual uranium production will come from Slick Rock. The drill program will collect geologic information related to uranium mineralization in the area, including the conversion of some drill holes into groundwater monitoring and observation wells. Anfield Energy Inc. remains committed to sustainable and efficient growth in its uranium and vanadium assets, positioning itself as a top-tier energy-related fuels supplier.

Anfield Energy's Slick Rock Project: A Game Changer for New Businesses

Anfield Energy Inc.'s recent submission of a drill permit application for its Slick Rock uranium and vanadium project could potentially create a significant impact on new businesses, particularly in the energy sector.

Implications for New Businesses

Anfield's CEO, Corey Dias, has highlighted the importance of the Slick Rock project in the company's uranium and vanadium production strategy. This development could set a precedent for new businesses in the energy sector, demonstrating the potential for growth and profitability in uranium and vanadium production.

Impact on Market Dynamics

The Slick Rock project's potential production capacity could significantly alter market dynamics. With Anfield's projected production of 750,000 pounds of uranium and 2,250,000 pounds of vanadium per year over a sixteen-year period, there could be an influx of these resources in the market. This could lead to competitive pricing, potentially benefiting new businesses in the energy sector. In conclusion, Anfield Energy's Slick Rock project could be a game changer for new businesses. The project could stimulate growth in the uranium and vanadium market, create competitive pricing, and provide a blueprint for success in the energy sector.
Story First Published at: https://financialpost.com/globe-newswire/anfield-files-drill-program-permit-application-for-slick-rock
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