Recent Updates — AEC
The Utah Department of Environmental Quality’s Division of Waste Management and Radiation Control provided Anfield Energy with draft copies of a renewed radioactive materials license and a proposed groundwater discharge permit for its Shootaring Canyon Mill. The Draft License authorizes the possession of natural uranium and byproduct material, limiting mill production to 1,500 tons (3 million pounds) of yellowcake per year. It also requires maintained financial surety and compliance with monitoring standards. Anfield is reviewing the documents and anticipates a public comment period commencing by late 2026 or early 2027. The company continues site preparation under its existing license, targeting major refurbishment in the second quarter of 2027 to restore domestic uranium and vanadium milling capacity. Anfield Energy is a uranium and vanadium development and near-term production company committed to becoming a significant supplier of energy-related fuels through sustainable growth of its U.S.-based assets.
Anfield Energy Inc. announced that the Colorado Division of Reclamation, Mining and Safety approved the reclamation permit application for its JD-8 uranium-vanadium mine, setting a financial warranty at US$620,000. The U.S. Department of Energy also accepted the draft Environmental Assessment template, allowing the NEPA review to proceed. These regulatory milestones support Anfield's target to restart production at JD-8 by the end of Q2 2027. The company is a uranium and vanadium development and near-term production company operating in the mining industry.
Anfield Energy announced that its subsidiary Highbury Resources received a completeness determination and staff recommendation for approval from the Colorado Division of Reclamation, Mining and Safety (DRMS) for the JD-8 uranium and vanadium mine permit. This regulatory milestone advances the project toward a formal Board hearing scheduled for October 14–15, 2026, which represents the final step in state permitting. Anfield targets restarting production at JD-8 by the end of Q2 2027 to feed its Shootaring Canyon Mill hub-and-spoke strategy. The company operates as a uranium and vanadium development and near-term production company focused on U.S.-based assets.
Anfield Energy Inc. announced that its Velvet-Wood uranium and vanadium project in Utah received Concept Approval for its water treatment plan from the Utah Division of Water Quality and submitted a request to reactivate Outfall under the mine’s active UPDES Permit. Subject to final approval, the company targets commencing treated-water discharge in the second week of November 2026, specifically around November 7. This milestone follows the first underground blast in nearly 40 years and rehabilitation of the initial 700 feet of the decline. Once discharge begins, Anfield expects the remaining decline to dewater within approximately one month, with the existing underground workings requiring two to three months to fully dewater. The company operates as a uranium and vanadium development and near-term production company focused on U.S.-based assets.
Anfield Energy Inc. filed unaudited interim financial statements for the six months ended June 30, 2026, reporting a net loss of $16,025,687 CAD and revenue of $744,766 CAD. The company closed its acquisition of BRS Inc., a related-party transaction controlled by its COO, for US$5 million in cash payments, resulting in $4.7 million in goodwill. During the period, Anfield raised approximately $13.9 million CAD through equity issuances and incurred significant exploration expenditures of $6.4 million CAD. Subsequent to June 30, the company completed a public offering on July 31 for US$6.86 million gross proceeds at US$4.00 per share. The firm operates in the uranium mining sector, focusing on mineral development and consulting services.