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Production / Operations Routine +

Anfield Energy Announces a Key Milestone in Equipment Procurement, Advancing the Company Towards Hub-and-Spoke Production

Anfield secures its first haul truck, maintaining the Velvet-Wood ramp-up schedule alongside ongoing mill construction and permitting developments.

By The Northwire Desk — AI Analysis Jun 15, 2026 · 07:27 AEC · 5.66 Anfield Energy Inc.
Executive Summary
  • Anfield Energy received its first custom-built underground haul truck from Young’s Machine Company, marking a key operational milestone ahead of production ramp-up.
  • The company secured a new supply agreement with Young’s to provide underground loaders to support initial development and production across the Velvet-Wood, JD-8, and Slick Rock mines.
  • The newly delivered haul truck will initially operate at the Velvet-Wood uranium-vanadium mine in southeastern Utah before being relocated to Anfield’s Colorado mines later in 2026 as larger units are completed.
  • The partnership reinforces Anfield’s hub-and-spoke mining model and commitment to domestic U.S. uranium production supply chains.
  • Young’s confirmed on-schedule delivery, highlighting local manufacturing capabilities in Utah’s mining sector.
Material Impact
  • The news is a routine positive update that confirms equipment procurement is progressing as planned.
  • It aligns with the November 2025 announcement of an order for eight custom-built Young’s Machine Company 960 Series haul trucks, which were slated for Q2 2026 delivery.
  • The milestone de-risks the Velvet-Wood production timeline, which management targets for completion by the end of 2026.
  • No new financial guidance, strategic shifts, or unexpected catalysts are introduced. The market was aware of the equipment order and delivery schedule, making this an incremental follow-up rather than a market-moving event.
AEC · Price
Company Overview
  • Anfield Energy operates a hub-and-spoke uranium and vanadium production model in the United States.
  • Hub: Shootaring Canyon Mill in Utah, one of only three fully licensed, permitted, and constructed conventional uranium mills in the U.S. The company is pursuing a license renewal to upgrade capacity from 750 tpd to 1,000 tpd, targeting a 3 million lbs U3O8 annual production capacity.
  • Spokes: A portfolio of U.S.-based projects including Velvet-Wood (Utah), Slick Rock, JD-8, JD-7, and SM-18 (Colorado).
  • Flagship Project: Velvet-Wood Mine, a past-producing uranium-vanadium site. It received expedited federal and state regulatory approvals in 2025, with Phase 1 surface construction completed in June 2026. The company targets a full return to production by the end of 2026.
Read the original news release →

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