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]

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].

Core Viewpoint - Anfield Energy Inc. has been selected for expedited permitting of its Velvet-Wood uranium project in Utah, marking a significant step in the U.S. government's efforts to enhance domestic energy security and reduce reliance on foreign uranium sources [1][2][7]. Summary by Relevant Sections Project Overview - The Velvet-Wood uranium project is the first to be prioritized under new emergency procedures aimed at accelerating the environmental review process for critical energy infrastructure, with the Bureau of Land Management directed to complete its review within 14 days [2][7]. - Anfield acquired the Velvet-Wood mine from Uranium One in 2015, and historical production from 1979 to 1984 yielded approximately 4 million pounds of U3O8 and 5 million pounds of V2O5 from 400,000 tons of ore [4][6]. Mineral Resources - Current mineral resources for the Velvet-Wood project are estimated at 4.6 million pounds of eU3O8 at a grade of 0.29% (measured and indicated resource) and 552,000 pounds of eU3O8 at a grade of 0.32% (inferred resource) [5][12]. - The vanadium-to-uranium ratio in the resources is 1.4 to 1 [5]. Strategic Positioning - Anfield's assets are entirely located in the U.S., including the Shootaring Canyon mill, one of only three licensed conventional uranium mills in the country, positioning the company to meet the growing domestic nuclear fuel needs [2][9]. - The U.S. consumes nearly 50 million pounds of uranium annually but produces less than 1% domestically, highlighting the importance of projects like Velvet-Wood in enhancing energy independence [2]. Future Plans - The company is pursuing a NASDAQ listing as part of its strategy to advance U.S. production [3]. - Anfield aims to play a significant role in rebuilding America's domestic uranium and vanadium supply chain, reducing reliance on imports from countries like Russia and China [2][6].