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Anfield Energy Inc. filed a Form 6-K incorporating by reference its Preliminary Economic Assessment (PEA) for the…
AECAnfield Energy Inc.
Anfield Energy Inc. filed a Form 6-K incorporating by reference its Preliminary Economic Assessment (PEA) for the Shootaring Canyon Mill and tributary mines in Utah and Colorado, dated May 4, 2026. The PEA outlines plans to reactivate the mill with feed from the Velvet-Wood, Slick Rock, and Uravan projects to recover uranium and vanadium oxides over a 15-year period. Total measured and indicated uranium resources are estimated at 9,806,000 pounds U3O8, while inferred vanadium resources total 98,456,000 pounds V2O5. Base case economics assume $100 per pound for uranium oxide and $9 per pound for vanadium pentoxide, yielding a pre-tax IRR of 106% and an NPV of $606 million at an 8% discount rate. Initial capital expenditure is estimated at $98 million USD, with operating costs of $327 per ton mined and processed. The company operates in the uranium and vanadium mining industry.