Anfield Energy to become latest uranium play on NASDAQ

Core Viewpoint - Anfield Energy has received approval for listing on NASDAQ, with trading commencing on September 18 under the symbol "AEC", while its OTC shares will cease trading [1] Company Overview - Anfield Energy is positioned to attract US investor interest as a near-term uranium producer, given that all its assets are located in the US, which has the largest installed nuclear reactor base but produces less than 1% of the required uranium [2] - The company currently has over 20 uranium assets in its pipeline across the Western US, with the Velvet-Wood project in Utah being the closest to production [4] Project Details - The Velvet-Wood project, located about 200 miles (322 km) south of Salt Lake City, holds 4.6 million lb. of uranium oxide equivalent (eU3O8) in the measured and indicated category, plus 552,000 lb. in the inferred category [5] - The company aims to start mine construction at Velvet-Wood in 2025, having received environmental approval in May under a compressed 14-day review timeline [6] Additional Operations - Anfield intends to reopen the Shootaring Canyon uranium mill, located about 48 miles (77 km) south of Hanksville, which is one of only three licensed and constructed uranium mills in the US [7]