Interview with Corey Dias, CEO Anfield Energy (TSX-V:AEC). Corey opens up about the detail of what his strategy is and how they plan to deliver it.

How do junior Uranium explorers survive in this environment and what do the spend their money on? Anfield Energy believes it is near production than any of the currently non-producing uranium companies so ready to take advantage when the market turns. The majority of its Uranium assets are in the USA. Both ISR and conventional hard rock Uranium assets. Initial focus is on Wyoming ISR asset. The nearest term asset which is the Charlie asset. Long term focus in Utah and Colorado and conventional Uranium assets.

Corey Dias has a finance background. He positions Anfield Energy as an M&A company. Market cap is $14M today and have recently closed a small raise of $3.6M. $2.5M to be spent on reclamation bonds and G&A. $500,000 to use on Charlie in the near term including PEA and well field work and permitting and licensing. They will not move the PEA to a PFS. Does Anfield Energy have the ability to work out what it needs to focus on and then raise enough capital to be able to deliver value or even a commercially viable business.

With c.35 assets Anfield Energy does not have enough cash to conventionally take these projects forward, so they do not focus on exploration. Anfield's strategy is to look for historic resource and get the report updated by an engineering firm. Anfield has completed three 43-101 to date and will try to identify the next best 10-12 assets and complete a 43-101 on those. This would cost c.$1M to do. The ideal is top be able to 10-15Mlbs on top of the 4Mlbs from Charlie for 20-30yrs.

Charlie is a State lease in between 2 Uranium One mines, who they will be partnering. Uranium One will be process.

Anfield Energy has acquired a mill, one of three operable, in the US. The mill was built in 1982 and ran for 4 months!!! And has been in care and maintenance ever since. There will need to be some money spent to update certain components, $25M-$30M. They paid $7.5M for it and some associated Uranium assets.

There is a Vanadium component but is not as yet economic as it would need to be at $10 for it to be economic enough to put a circuit in.

Corey Dias wanted a quota outcome from Section 232 with a setup for US Uranium miners.

Company page: https://anfieldenergy.com/

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