Anfield Files Notice of Intent to Conduct Drill Program As It Expands Its Hub-And-Spoke Uranium and Vanadium Production Model

Core Insights - Anfield Energy Inc. has filed a Notice of Intent for a 20-hole, 8,000-foot rotary drill program at the JD-7 open pit mine in Colorado to expand its uranium and vanadium production model [1][2] - The drill program aims to collect geological information, confirm existing resources, and assess underground resources [1] - The company is working on reactivating the Shootaring Mill, increasing its throughput and production capacity, which will support the expanded production model [2] Company Developments - Anfield is advancing its uranium and vanadium projects, including the Velvet-Wood mine and the Slick Rock mine, in anticipation of a mill restart in 2027 [3] - The JD-7 mine has historical production data, with 12,441 tons mined at a uranium grade of 0.186% and a vanadium grade of 0.504% [5] - Current mineral resource estimates for JD-7 indicate 865,000 tons at a uranium grade of 0.196% and a vanadium grade of 0.98%, with contained resources of 3,385,000 lbs of uranium and 16,925,000 lbs of vanadium [5][6] Industry Context - The U.S. Administration's commitment to securing domestic energy sources provides Anfield with a pathway to meet domestic uranium demand [4] - Anfield's conventional uranium assets are strategically located within historically prolific uranium production areas in the U.S., including Utah, Colorado, and Arizona [8][9] - The company aims to become a top-tier energy-related fuels supplier through sustainable growth in its assets [8]