Anfield Energy Welcomes U.S. Designation of Uranium as Critical Mineral, Unlocking Funding and Accelerated Development for Domestic Projects

Core Insights - Anfield Energy Inc. supports the U.S. Geological Survey's designation of uranium as a critical mineral, emphasizing its importance for national security and energy independence [1][2] - The U.S. has expanded its critical minerals list from 50 to 60, highlighting uranium's role in nuclear energy and defense applications, while addressing supply chain vulnerabilities due to high import reliance [2][4] - Anfield's Velvet-Wood Uranium-Vanadium Mine has commenced construction, aligning with federal policy advancements aimed at revitalizing domestic uranium supply [3][4] Company Developments - The groundbreaking ceremony for the Velvet-Wood Mine took place on November 6, 2025, marking the start of construction activities following expedited approvals [3][4] - Anfield's CEO noted that the critical minerals designation will facilitate expedited permitting and federal investments, enhancing market access for the company's projects [4][5] - The company is positioned to benefit from federal incentives and streamlined processes under various legislative acts, which will support its hub-and-spoke model centered on the Shootaring Canyon Mill [5][6] Strategic Advantages - The designation of uranium as a critical mineral allows Anfield to access billions in federal funding and tax credits, bolstering its development efforts [5][6] - Anfield's strategic positioning includes over 20 uranium assets across the Western U.S., supporting the onshoring of supply chains and contributing to energy security [6] - The company's dual-commodity projects, including vanadium, provide diversified revenue streams and enhance competitiveness against foreign suppliers [5][6]