Anfield Energy submits permitting application for JD-8

Executive Summary

• Anfield Energy Inc. has formally submitted a comprehensive permitting application to the Colorado Division of Reclamation, Mining and Safety (DRMS) to restart the JD-8 uranium and vanadium mine in Montrose County, Colorado.
• The company is targeting an operational restart in the second half of 2026, leveraging existing infrastructure, historic production data, and previously approved permits to accelerate the path to production.
• The JD-8 project is a high-grade conventional asset supported by the Shootaring Canyon mill, one of only three licensed conventional uranium mills in the United States.

Key Details

• Permitting Status: A comprehensive application was submitted to the DRMS; pre-permitting consultations with DRMS and local county officials have already been initiated.
• Target Timeline: Operational restart is targeted for the second half of 2026.
• Mining Method: Underground long-hole stoping methods will be employed, supported by updated ventilation, ground control, and water management systems.
• Regulatory Approach: The application builds on existing state permits, focusing on operational updates, enhanced monitoring, and modern reclamation standards to expedite approval.
• Economic Impact: The restart is projected to create approximately 50 direct jobs during operations, with additional indirect employment in transportation, supply chain, and local services.
• Environmental Compliance: The plan includes concurrent reclamation and full bonding in compliance with Colorado's rigorous environmental regulations.
• Strategic Context: Upon approval, mobilization and mine rehabilitation will commence immediately, potentially positioning JD-8 alongside the company's Velvet-Wood mine as one of the first conventional uranium mines to resume production in the U.S. in over a decade.
• Risk Disclosure: The decision to advance development is based on historical production data and drilling sample analysis, not a feasibility study of mineral reserves demonstrating economic and technical viability, introducing additional uncertainty and risk regarding economics and viability.
• Qualified Person: Douglas L. Beahm, PE, PG, principal engineer at BRS Inc. and COO of the company, has reviewed and approved the technical content.

Notable Quotes

• "This permitting milestone for JD-8 is a pivotal step in Anfield's strategy to help restore U.S. uranium production capacity... With strong market fundamentals, rising domestic demand and government support for nuclear energy, JD-8 is poised to deliver high-grade uranium to the American fuel cycle starting in H2 2026." — Corey Dias, Chief Executive Officer