One company that is starting to catch the attention of investors is American Energy Fields, Inc. Located in Phoenix, Arizona, American Energy is a resource company focused on exploring and developing the natural energy resources of the United States. Today American Energy made a major announcement that could lead to a very profitable future. American Energy Field announced that it has acquired the Coso & Blythe Uranium Projects.
The Coso Project was originally developed by Western Nuclear, Pioneer Resources, Federal Resources, and Union Pacific Mining/Rocky Mountain Energy with an estimated $20 million spent on exploration and development of the project. Included in the project is an engineered pit design where over 5 million lbs. of uranium has been identified. American Energy is developing an exploration plan to move this project towards production.
The Blythe Project consists of 66 Federal mining claims in Riverside County, California covering 3 historic mines. The 1,320 acre Bythe Uranium Project also presents major potential for American Energy who will aim to identify, expand, and develop ore body with the goal of putting the past producing mines back into production.
When asked about the future of American Energy and the effect of the Coso and Blythe Uranium Projects, Joshua Bleak who serves as the young company’s President and CEO was quoted as saying, “This acquisition is a major development in the Company’s ongoing exploration and development program. To be able to add two projects with such historic significance to our portfolio initiates vertical growth to our Company and shareholder value. Our goal at American Energy Fields is to find, acquire, and develop natural energy resources in the United States. We aim to take advantage of the work done by so many reputable mining companies like Rocky Mountain Energy and Federal Resources to find ore bodies that have been previously identified and developed, thus mitigating our exploration risk and expenses.”
He continued, “Our database of mining projects in the Southwest U.S. is unrivaled and allows us to find projects of this significance at a minimal cost to the Company. It is rare to find projects of the Coso or Blythe’s significance where resources were developed and mined and engineered pit designs were developed by world class engineers. We look forward to updating you on the progress of these projects as it becomes available.”
Currently, American Energy Fields is trading in the $1.04 range. With this announcement, the young company has taken a major step towards prominence and credibility. To learn more about American Energy Fields, Inc., visit their website at: http://americanenergyfields.com and you’ll see why investors are talking about this up-and-coming company.