Anfield Energy Receives Colorado DRMS Completeness Determination and Staff Recommendation for Approval of JD-8 Mine Permit; Board Hearing Set for October 14-15, 2026
Anfield’s Colorado staff backed the JD-8 permit, setting a board hearing for mid-October.
Colorado’s Division of Reclamation, Mining and Safety (DRMS) has issued a formal staff recommendation to approve the JD-8 reclamation permit application. The Colorado Mined Land Reclamation Board (MLRB) is scheduled to hold a formal public hearing on the matter on October 14–15, 2026, in Denver. This hearing marks the final state-level permitting step for the JD-8 project.
Anfield Energy Inc. (AEC) targets a restart of uranium and vanadium production at JD-8 by the end of Q2 2027. The site is positioned as the company's second mine, with plans to feed ore to the fully permitted Shootaring Canyon Mill in Utah. The company explicitly notes that the decision to advance JD-8 relies on historical production data and drilling samples, rather than a feasibility study demonstrating economic and technical viability.
The Department of Resources and Mining Services (DRMS) issued a staff recommendation, a standard procedural step following the initial completeness determination in December 2025. This action confirms that Anfield Energy Inc.’s application meets regulatory requirements, though final approval rests with the Mining and Lands Board (MLRB). The update aligns with previous management guidance and does not introduce new economic assumptions, revised timelines, or unexpected operational milestones.
Anfield Energy Inc. (AEC) operates a hub-and-spoke uranium and vanadium production model centered on the Shootaring Canyon Mill in Utah, one of only three licensed conventional uranium mills in the U.S. The company’s flagship Velvet-Wood project in Utah targets near-term production, leveraging historical underground workings and a small environmental footprint. The JD-8 mine in Colorado serves as the second spoke, with future plans to advance JD-7 and Slick Rock.
An updated preliminary economic assessment outlines robust economics for the project, including a 106% pre-tax internal rate of return, a $606 million net present value, and a 1.3-year payback period. The plan targets approximately 1.3 million pounds of U3O8 and 6.4 million pounds of V2O5 annually over a 15-year mine life. Management includes CEO Corey Dias, COO Douglas L. Beahm, who brings more than 50 years of uranium experience, and Chairman Ken Mushinski, a former General Atomics executive.