Anfield Resources to Evaluate Vanadium Potential at its Velvet-Wood Mine

VANCOUVER, BC--(Marketwired - November 21, 2017) - Anfield Resources Inc. (TSX VENTURE: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company") announces that it is placing increased emphasis on the vanadium potential of its Velvet-Wood Mine, located in Utah. Anfield has engaged BRS Engineering, Inc. to update Anfield's NI 43-101 resource report related to the Velvet-Wood Mine to include a vanadium exploration target. The report is expected to be completed within six to eight weeks.

Anfield's prospective energy partners have shown a greater interest in the Company's vanadium assets due to the significant upturn in the vanadium price this year. Anfield is also exploring the feasibility of including a vanadium circuit on its Shootaring Canyon uranium mill, which would allow it to process vanadium.

Velvet-Wood Mine

Based upon historical production, the Velvet-Wood Mine has the potential to be a significant source of vanadium. Between 1979 and 1984, Atlas Minerals mined approximately 400,000 tons of ore from the Velvet Deposit at grades of 0.46% U₃O₈ and 0.64% V₂O₅, recovering approximately 4 million pounds of U₃O₈ and 5 million pounds of V₂O₅.

The current mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U₃O₈ at a grade of0.29% U₃O₈ (measured and indicated resource) and 552,000 pounds of U₃O₈ at a grade of 0.32% U₃O₈ (inferred resource). (Source: Velvet-Wood Mine Uranium Project, San Juan County, Utah USA NI 43-101 Mineral Reserve and Resource Report, Author: BRS Inc.; Date: 11/14/2014).

Corey Dias, Anfield's CEO stated, "Vanadium is increasingly being embraced by battery manufacturers as a core material in the production of batteries to be used in both small-scale and large-scale applications; in fact, vanadium redox-flow batteries (VFBs) have started to grow in influence as energy companies look to improve energy storage. This ranges from grid-scale uses, such as Prudent Technology's use of a VFB for its solar installation in Italy, to smaller-scale uses such as Warren Buffett's BYD company using vanadium batteries for its electric vehicles and Subaru using a VFB to power its Subaru G4e vehicle. Vanadium is clearly viewed as an attractive alternative to other battery technology sources. Anfield is fortunate in having two energy metal resources together, both with highly positive demand projections: uranium and vanadium."