Anfield Energy Announces Agreement to Acquire BRS Engineering, Bolstering In-House Technical Expertise for Uranium and Vanadium Projects

Core Viewpoint - Anfield Energy Inc. has signed a definitive stock purchase agreement to acquire BRS Inc., enhancing its technical capabilities in uranium and vanadium production [1][3]. Acquisition Details - The acquisition involves Douglas L. Beahm, the Chief Operating Officer of Anfield, and is aimed at integrating BRS's expertise into Anfield [1][2]. - BRS has been a key engineering partner for Anfield since 2014, contributing to various technical reports and assessments for Anfield's projects [2]. - The total cash consideration for the acquisition is US$5,000,000, with payments structured over two years [6]. Strategic Benefits - The integration of BRS is expected to streamline project execution, reduce third-party costs, and accelerate uranium production [3][4]. - The acquisition aligns with Anfield's hub-and-spoke strategy centered on the Shootaring Canyon mill, positioning the company as a vertically integrated uranium developer in the U.S. [3]. - BRS will have opportunities to expand its consulting business and create new service lines, potentially leading to geographic expansion within the U.S. [4]. Operational Enhancements - The acquisition provides immediate access to specialized knowledge in uranium and vanadium, enhancing technical depth [7]. - It eliminates delays associated with external engineering consulting and reduces costs for future resource reports and permitting [7]. - The acquisition strengthens Anfield's internal engineering competence, facilitating the advancement of its conventional assets [7].