Anfield Resources has completed the acquisition of Shootaring Canyon Mill and a portfolio of uranium assets from Uranium One in the US.
Under the deal, Anfield has also acquired Velvet-Wood Project and two surface stockpiles.
The deal also includes multiple royalties on projects held by other publicly-traded companies such as Energy Fuels, Azarga Uranium and Western Uranium.
Anfield Resources CEO Corey Dias said: "With the Transaction we have now acquired one of only three licensed and permitted conventional uranium mills in existence in the US, a significant uranium resource and a portfolio of royalties on development projects of other uranium companies."
The Shootaring Canyon Uranium Mill is situated around 48 miles south of Hanksville in Utah. It is a conventional acid-leach facility that received permission to process up to 750 tons of ore per day, and holds capacity to process up to 1,000 tons per day.
The Velvet-Wood Project is claimed to be one of the advanced conventional uranium projects in the US, in which around 400,000 tons of ore were mined from the Velvet Deposit, between 1979 and 1984.
Anfield has also acquired two surface stockpiles, of which one is situated at the Shootaring Canyon Mill, with a historical estimate of 250,000 pounds of U3O8 and the other is located in the Lisbon Valley, with a historical mineral resource estimate of around 65,000 pounds of U3O8.