Anfield Energy Submits Permit Amendment for JD-8 Mine Restart

• On 2026‑04‑08 Anfield Energy filed a permit amendment to restart its JD‑8 uranium‑vanadium mine after addressing all outstanding comments from the U.S. DOE and Colorado Division of Reclamation, Mining and Safety (DRMS).
• The company states that regulatory approval and field mobilization are now expected in mid‑2026, with production slated for the second half of 2026.
• JD‑7 infrastructure will serve as the hub for the “hub‑and‑spoke” model feeding ore to the wholly‑owned Shootaring Canyon mill in Utah – one of only three licensed conventional uranium mills in the United States.
• The release notes that the decision to advance JD‑8 is based on historical production data and drilling samples; a full feasibility study has not yet been completed, leaving economic uncertainty.

• Regulatory Milestone: Completing the amendment removes the last major permitting barrier for JD‑8. This materially de‑risks the project timeline and aligns with earlier guidance that JD‑8 would restart in H2 2026.
• Operational Outlook: The hub‑and‑spoke strategy now has a confirmed feed source (JD‑8) feeding the Shootaring Canyon mill, improving projected mill utilization and supporting the company’s goal of 3 Mlb U per year.
• Financial Implications: No immediate cash inflow, but the cleared permit reduces the need for additional near‑term capital to address regulatory compliance, preserving liquidity for other projects (Velvet‑Wood, Slick Rock).
• Risk Profile: The release still flags the lack of a definitive feasibility study and reliance on historic data, which tempers upside. However, the regulatory risk component—previously a major uncertainty—is now largely resolved.

Overall, the news is materially positive because it validates prior expectations (JD‑8 restart in H2 2026) while removing a key barrier, thereby improving near‑term cash‑flow prospects and supporting the company’s production roadmap.

Anfield Energy Inc. focuses on developing uranium‑vanadium projects in the Uravan Mineral Belt (Colorado) and Lisbon Valley (Utah). Its flagship assets are:

• JD‑8 Mine (Colorado): Historically produced ~133 k lb U₃O₈; now being re‑opened as a primary feed source for the Shootaring Canyon mill.
• Shootaring Canyon Mill (Utah): 100% owned, licensed conventional uranium mill – one of only three in the United States. Planned capacity upgrade to 1,000 tpd and annual throughput up to 3 Mlb U.
• Velvet‑Wood Mine (Utah) & Slick Rock (Colorado): Advanced permitting; slated for construction/production in 2026–2027 under the hub‑and‑spoke model.