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The latest announcement is out from Anfield Energy Inc ( (TSE:AEC) ).
Anfield Energy Inc. has secured an additional US$6 million loan through an amended agreement with Extract Advisors LLC, extending its existing credit facility. The funds will be used to advance operations at the Shootaring Canyon Mill and Velvet-Wood mine, seek mine permits, add personnel, and for general corporate purposes. The transaction involves issuing share purchase warrants and is classified as a related party transaction, but it is exempt from certain regulatory requirements.
More about Anfield Energy Inc
Anfield Energy Inc. is a uranium and vanadium development company focused on becoming a leading supplier of energy-related fuels. The company is publicly traded on the TSX Venture Exchange, OTCQB Marketplace, and Frankfurt Stock Exchange.
YTD Price Performance: -22.22%
Average Trading Volume: 672,461
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$79.9M
Find detailed analytics on AEC stock on TipRanks’ Stock Analysis page.