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Anfield Energy Inc.

10:19 AM EST - Anfield Energy Inc. : Announced that it has entered into a royalty purchase agreement, dated November 17, 2022, with Uranium Royalty (USA) Corp., a wholly-owned subsidiary of Uranium Royalty Corp., in which Anfield has agreed to sell its uranium royalty portfolio to URC in consideration of a one-time cash payment of US$1,500,000. The portfolio consists of four royalties related to the Energy Queen and Whirlwind projects held by Energy Fuels, Inc., the Dewey Burdock project held by enCore Energy and the San Rafael project held by Western Uranium and Vanadium. The divestiture fits Anfield’s strategy with regard to the primary pursuit of uranium and vanadium production through its wholly-owned conventional mine-and-mill complex. Anfield Energy Inc. shares V.AEC are trading down 1 cent at $0.06.