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Anfield Welcomes the U.S. Government’s Efforts to Facilitate Domestic Uranium Mining
Globenewswire· 2025-04-29 11:00
Core Viewpoint - Anfield Energy Inc. is positioned to benefit from U.S. government initiatives aimed at boosting domestic uranium production through Executive Orders, enhancing investor interest and production prospects for the company [1][6]. Group 1: Executive Orders and Their Implications - The U.S. government has established the National Energy Dominance Council (NEDC) to develop strategies for increasing domestic energy production, including uranium [2]. - An Executive Order aims to enhance American mineral production by streamlining permitting processes and prioritizing strategic projects, particularly in uranium mining [3]. - Another Executive Order focuses on expanding energy and critical mineral production, mandating a review of regulations that may hinder energy development, including those related to uranium [4]. Group 2: Anfield's Strategic Position - Anfield Energy is pursuing a NASDAQ listing and has uranium assets located in the U.S., including one of only three licensed and constructed conventional uranium mills in the country [6]. - The company aims to contribute to the U.S. domestic uranium supply, which currently relies on imports for nearly 99% of its annual consumption of approximately 50 million pounds [6]. - Anfield has submitted a Plan of Operations for its Velvet-Wood uranium project in Utah, expecting approval by the end of 2025, and is working to upgrade its Shootaring mill's production capacity from 1 million pounds to 3 million pounds per year [7]. Group 3: Economic Assessment - The combined Preliminary Economic Assessment (PEA) for Anfield's Slick Rock and Velvet-Wood projects indicates a pre-tax NPV of $238 million and an IRR of 40%, based on U3O8 and V2O5 prices of $70 per pound and $12 per pound, respectively [8].