BRS, founded and led by Douglas L. Beahm, a Qualified Person under NI 43-101 with over 50 years of experience in uranium exploration, mine development, ISR operations, and resource estimation, has been a key engineering partner to Anfield since 2014. BRS has authored numerous technical reports, Preliminary Economic Assessments (PEAs), and resource updates for Anfield's assets, including the Slick Rock Project, the West Slope Projects, the Velvet-Wood Mine, and others. This acquisition brings Mr. Beahm and the BRS team in-house, with Mr. Beahm firmly committed to serving the Company in the Chief Operating Officer role while continuing to serve as principal engineer.
Corey Dias, CEO of Anfield, commented: "The integration of BRS represents a transformative step for Anfield. For years, BRS has been instrumental in validating and advancing our portfolio through independent technical engineering work. By bringing this world-class expertise fully in-house, we streamline project execution, reduce third-party costs, and accelerate our path to uranium production. This move aligns perfectly with our hub-and-spoke strategy centered on the Shootaring Canyon mill and positions Anfield as one of the most vertically integrated uranium developers in the United States.
Further, this acquisition provides BRS with an opportunity to expand its external engineering consulting business offering with the support of a publicly-traded company. Moreover, the combination could potentially create new service lines, turnkey development options for potential toll-mill partners, for example, alongside geographic expansion within the U.S. Finally, the potential identification and development of internal candidates to ultimately lead our mine and mill teams post-restart could lead ...
