The funding will facilitate the Anfield Resources’ acquisition of the Uranium One’s uranium assets, which is subject to obtaining final regulatory approvals.
Funding of the credit facility is expected to be concluded by 31 March 2015 closing of the Uranium One transaction.
Anfield Resources CEO Corey Dias said: "We are thrilled to have been able to secure a binding financing commitment, in the form of a credit facility, which would allow us to not only meet our financial obligations with regard to the closing of the Uranium One transaction but also begin the process of advancing these assets toward commercial production.
"Moreover, the credit facility will allow us to do so without any dilution to existing shareholders."
Terms of the credit facility include an annually-adjusted 3.3% variable interest rate and a fixed 11% rate. The term of the facility is 48 months.
