Core Insights - Anfield Energy Inc. is set to hold a ceremonial groundbreaking on November 6, 2025, at its Velvet-Wood uranium-vanadium mine in Utah, marking the official start of construction following expedited federal and state approvals [2][3] - The event will highlight Anfield's commitment to supporting the U.S. nuclear fuel supply and its role in the resurgence of critical minerals [3][4] Company Developments - The groundbreaking ceremony will feature Anfield executives, local community leaders, and representatives from federal and state agencies, emphasizing the importance of the Velvet-Wood project in the context of U.S. energy security [3][4] - Anfield's Velvet-Wood mine has historical production of 4 million pounds of U3O8 and 5 million pounds of V2O5 from 1979 to 1984, with current resources estimated at 4.6 million pounds eU3O8 at 0.29% grade and 552,000 pounds eU3O8 at 0.32% grade [4][7] Economic Potential - The Preliminary Economic Assessment (PEA) for the Velvet-Wood project forecasts a pre-tax NPV8% of US$238 million and an IRR of 40% at US$70 per pound U3O8 and US$12 per pound V2O5, indicating strong economic potential amid rising commodity prices [4][7] - Anfield aims to increase its mill license upgrades to achieve an annual capacity of 3 million pounds, aligning with the growing demand from utilities and advanced reactors [4][7] Strategic Alignment - The project aligns with the Trump Administration's Executive Orders aimed at revitalizing the nuclear fuel cycle and reducing reliance on uranium imports, which stood at 99% in 2023 [4][7] - Anfield's fully U.S.-based assets, including Slick Rock, Frank M, and the Paradox Mine Complex, support a hub-and-spoke model to enhance domestic mineral security [4][7]

Core Viewpoint - Anfield Energy Inc. has received approval from the U.S. Department of the Interior for its Velvet-Wood uranium project, marking a significant step in the U.S. government's efforts to enhance domestic energy security and reduce reliance on foreign sources [1][2][7]. Group 1: Project Approval and Significance - The Velvet-Wood project is the first uranium initiative prioritized under new emergency procedures aimed at expediting environmental reviews for critical energy infrastructure, with the Bureau of Land Management completing its review in less than 14 days [2][7]. - U.S. Secretary of the Interior Doug Burgum emphasized that this approval represents a pivotal moment in securing America's mineral future and reducing dependence on foreign adversaries [2][7]. - The approval aligns with a series of Executive Orders signed by President Trump to revitalize the nuclear industrial base, focusing on various aspects such as the nuclear fuel cycle and domestic supply chain [2][3]. Group 2: Economic Assessment and Production Potential - The combined Preliminary Economic Assessment (PEA) for the Velvet-Wood and Slick Rock projects indicates a pre-tax NPV at 8% of US$238 million and an internal rate of return (IRR) of 40%, based on uranium and vanadium prices of US$70 per pound and US$12 per pound, respectively [4][5]. - Anfield's portfolio, including the Shootaring Canyon mill, positions the company as a key contributor to U.S. energy security, with the U.S. consuming nearly 50 million pounds of uranium annually while producing less than 1% domestically [5][12]. Group 3: Strategic Positioning and Future Plans - Anfield is pursuing a NASDAQ listing as part of its strategy to advance U.S. production capabilities [6]. - The company has a comprehensive portfolio of uranium assets located in the U.S., including the Velvet-Wood project, which is well-suited for accelerated development due to its past production history and minimal environmental impact [3][11][13]. - The Velvet-Wood mine, acquired from Uranium One in 2015, has historical production of approximately 4 million pounds of U3O8 and 5 million pounds of V2O5, showcasing its potential for future output [8][10].