Research analysts covering ANFIELD ENERGY.
Recent press releases and 8-K filings for AEC.
Anfield Energy Submits Permitting Application for JD-8 Uranium Mine Restart
AEC
New Projects/Investments
- Anfield Energy Inc. (AEC) has submitted a permitting application to the Colorado Division of Reclamation, Mining and Safety (DRMS) for the restart of its JD-8 uranium and vanadium mine in Montrose County, Colorado.
- The company is targeting an operational restart in the second half of 2026.
- The project is projected to create approximately 50 direct jobs during operations.
- Anfield's CEO, Corey Dias, highlighted this as a pivotal step in restoring U.S. uranium production capacity, supported by strong market fundamentals and rising domestic demand.
- The decision to advance the JD-8 mine's development is based on historical production data and drilling samples, not a feasibility study, which introduces additional uncertainty and risk regarding economic and technical viability.
Nov 19, 2025, 2:30 PM
Anfield Energy Inc. Reports Q3 2025 Financials, Nasdaq Listing, and Project Advancements
AEC
New Projects/Investments
Delisting/Listing Issues
Debt Issuance
- Anfield Energy Inc. reported an increase in Total Assets to $87,886,716 as of September 30, 2025, from $80,009,019 at December 31, 2024, with cash increasing to $7,208,592 from $1,350,411 over the same period.
- During the nine months ended September 30, 2025, the company completed a 75-for-1 share consolidation on August 1, 2025, and issued 1,428,571 common shares to Uranium Energy Corp. for $15,000,000.
- The company secured an additional US$6,000,000 increase to its existing Credit Facility with Extract Advisors LLC on March 17, 2025, and subsequently issued common shares from warrant exercises totaling $1,593,998 between October 2 and October 29, 2025.
- Anfield Energy Inc. began trading on the Nasdaq Capital Market LLC on September 18, 2025, and received approval on October 7, 2025, to commence advancement of its Velvet-Wood uranium project to construction.
Nov 14, 2025, 4:46 PM
Anfield Energy orders first major underground haul trucks
AEC
New Projects/Investments
Risks
- Anfield Energy Inc. (AEC) has completed its first major procurement of specialized underground mining equipment, placing an order for eight custom-built underground haul trucks from Young's Machine Company.
- This purchase is a key milestone for Anfield's ramp-up towards near-term production at its Velvet-Wood uranium-vanadium mine in southeastern Utah, with truck delivery slated to begin in the 2nd quarter of 2026.
- The procurement follows a C$26.5 million financing in January 2025 and U.S. loan extensions in March 2025, signaling operational readiness.
- Anfield notes that the decision to advance the Velvet-Wood mine is not based on a feasibility study, which introduces additional uncertainty and risk regarding its economic and technical viability.
Nov 13, 2025, 12:56 PM
Anfield Energy announces uranium's critical mineral designation and Velvet-Wood mine groundbreaking
AEC
New Projects/Investments
Funding
- Anfield Energy Inc. announced that the U.S. Geological Survey (USGS) reinstated uranium as a critical mineral on November 6, 2025, a decision expected to unlock funding and accelerate development for domestic projects.
- This designation coincided with Anfield's groundbreaking ceremony at its Velvet-Wood Uranium-Vanadium Mine in Utah on November 6, 2025, initiating construction activities with potential first production in 2026.
- The critical mineral status is anticipated to provide Anfield with expedited permitting, targeted federal investments, and enhanced market access for its U.S.-based uranium assets.
- Anfield noted that the decision to advance the Velvet-Wood mine is not based on a feasibility study, indicating additional uncertainty and risk related to the economics and viability of development.
Nov 10, 2025, 2:22 PM
Anfield Energy Completes Confirmation Drill Program at JD-7 Mine
AEC
New Projects/Investments
- Anfield Energy Inc. (AEC) has completed a 20-hole, 8,000-foot confirmation drill program at its JD-7 mine, one of the five mines within the Paradox Mine Complex.
- The drilling activities commenced on September 15, 2025, and were completed on October 9, 2025.
- Significant intercepts of mineralization were reported, including 17.0 ft grading an average of 5,190 ppm (0.519%) eU3O8 in Hole JD7-25-004B.
- The results from this program will be incorporated into a new uranium and vanadium resource report in Q1 2026.
- Following this, the Company plans to commence underground drilling at its remaining JD mines to issue an updated uranium resource for the entire Paradox Mine Complex.
Oct 21, 2025, 1:49 PM
Anfield Energy receives Utah regulatory approval for Velvet-Wood Mine construction
AEC
New Projects/Investments
Product Launch
- Anfield Energy Inc. has secured final regulatory approval from the Utah Department of Oil, Gas and Mining (DOGM) for the construction of its Velvet-Wood uranium project, following prior environmental approval from the U.S. Department of the Interior.
- This approval, received on October 7, 2025, enables immediate mobilization and groundbreaking within 30 days for the Velvet-Wood mine, which is a key part of Anfield's integrated mine-to-mill strategy.
- The Velvet-Wood project, a past-producing mine, holds estimated mineral resources of 4.6 million pounds of eU3O8 (measured and indicated) and 552,000 pounds of eU3O8 (inferred).
Oct 7, 2025, 9:07 PM
Anfield Energy Reports Positive Initial Results from JD-7 Mine Drill Program
AEC
New Projects/Investments
- Anfield Energy Inc. has completed the first 12 of 20 holes in its 8,000-foot confirmation drill program at the JD-7 mine in Montrose County, Colorado.
- The drill program, which commenced on September 15, 2025, aims to confirm and potentially expand existing uranium and vanadium resources.
- Initial results indicate elevated uranium mineralization exceeding the minimum cutoff grade in 10 of the 12 completed drill holes.
- Significant intercepts include 17.0 ft grading 5,190 ppm (0.519%) eU3O8 in Hole JD7-25-004B and 19.0 ft grading 2,380 ppm (0.238%) eU3O8 in Hole JD7-25-005.
- The company expects to complete the remaining holes in the coming weeks, with full results informing future development plans.
Oct 1, 2025, 2:37 PM
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