Anfield Energy receives draft license for Utah uranium mill

Received draft renewed radioactive materials license and groundwater discharge permit from Utah DWMRC on October 21, 2026. Draft license caps yellowcake production at 3 million pounds per year. Company targets start of major refurbishment work in Q2 2027. Plans include adding a new vanadium circuit to support dual mineral processing.

Anfield Energy secures approval for Velvet-Wood water treatment plan

Anfield Energy received Concept Approval for its Velvet-Wood water treatment plan from Utah regulators. The company requested reactivation of Outfall, targeting treated-water discharge in the second week of November. First underground blast at the site occurred in nearly 40 years, with 700 feet of decline rehabilitated. Dewatering of existing underground workings is expected to take roughly two to three months after pumping begins.

Anfield Energy completes first underground blast at Velvet-Wood mine

Anfield Energy completed its first underground blast at Velvet-Wood in nearly 40 years. The blast followed receipt of an ATF permit in June 2026. First 700 feet of the decline have been rehabilitated with new infrastructure. Dewatering of historic workings expected to take two to three months. Project aligns with hub-and-spoke strategy centered on Shootaring Canyon Mill.

Anfield Energy closes US$6.9 million public offering

Anfield Energy Inc. closed a US$6.9 million public offering of 1,715,000 shares at US$4.00 each, with strategic investor Uranium Energy Corp. buying US$2.5 million worth. Proceeds will fund key U.S. uranium assets including the Shootaring Canyon Mill.

Anfield Energy leases patented claims for JD-5 and Slick Rock projects

Anfield Energy Inc. signed a Mining Lease Agreement for two patented claims in Colorado to support its JD-5 and Slick Rock projects. The perpetual, royalty-free lease requires the company to pay property taxes and maintain liability insurance. These assets will serve as potential feed sources for the Shootaring Canyon Mill.

Utah Legislators to tour Anfield Energy’s Velvet-Wood project

Anfield Energy announced that the Utah Division of Oil, Gas and Mining will host a tour of its Velvet-Wood project for about 20 Utah legislators on August 12, 2026. CEO Corey Dias attributed the project's rapid progress to an expedited permitting process under the Trump Administration's energy emergency declaration and swift state approval. The company has completed Phase One construction and is targeting first production by the end of 2026, leveraging its hub-and-spoke strategy centered on the Shootaring Canyon Mill.