Anfield Energy to begin drilling at JD-7 in September

Executive Summary

• Anfield Energy Inc., via subsidiary Highbury Resources Inc., received Colorado Division of Reclamation, Mining and Safety approval to commence a 20‑hole, 8,000‑ft rotary drilling program at the JD‑7 open‑pit mine.
• Drilling is slated to start in mid‑September and last approximately two weeks, aiming to confirm existing pit resources, delineate underground uranium/vanadium zones, and evaluate potential resource expansion.
• The program supports Anfield’s broader near‑term uranium and vanadium production strategy ahead of its anticipated Nasdaq listing and mill restart planned for 2027.

Key Details

• Approval: Notice of intent approved by Colorado Division of Reclamation, Mining and Safety for Highbury Resources Inc. to drill at JD‑7.
• Program Scope: 20 holes, total depth ~8,000 ft; rotary drilling contracted to Tri Park Drilling.
• Timeline: Commencement mid‑September 2026; expected duration ≈ 2 weeks.
• Objectives:
  1. Collect geologic data on uranium mineralization across multiple sandstone-hosted deposits.
  2. Confirm existing open‑pit (JD‑7) resources.
  3. Verify extent and location of underground uranium and vanadium resources.
  4. Assess potential for resource expansion at JD‑7.
• Strategic Context:
• Aligns with Anfield’s imminent Nasdaq listing and its “hub‑and‑spoke” model to feed mill capacity from multiple Colorado leases (21 DoE leases).
• Complements recent environmental permit approval for the Velvet‑Wood mine (May 2026) and upcoming BLM operations plan submission for Slick Rock.
• Anticipates increased mill throughput under a proposed amendment to Anfield’s radioactive materials licence.
• Regulatory & Technical Oversight: Qualified Person Douglas L. Beahm, PE, PG (BRS Inc.) reviewed and approved technical content per NI 43‑101 standards.
• Historical Production & Resources: JD‑7 historical production data and current mineral resource estimates provided in tables (not reproduced here). No formal economic studies completed; resources are reported as mineral resources, not reserves.

Notable Quotes

“With Anfield's imminent Nasdaq listing, we are very pleased to secure approval for our drill program at our JD‑7 mine… the proposed amendment to our radioactive materials licence … will allow the company to expand its hub-and-spoke uranium and vanadium production model.” – Corey Dias, CEO

“We are encouraged by the recent news regarding the U.S. Department of Energy's Office of Nuclear Energy establishing the Defense Production Act Consortium… provides Anfield with a near‑term pathway to produce and contribute to significant domestic uranium demand.” – Corey Dias, CEO