Business UpdateJun 8, 2026, 07:01 AM
Anfield Energy Advances Shootaring Uranium Mill Reactivation for 2027 Production
AI Summary
Anfield Energy Inc. provided an update on the reactivation of its Shootaring Canyon Uranium Mill, announcing significant progress in license renewal and the commencement of refurbishment work. The company completed drilling 8 monitoring wells and began removing leach tanks, aiming for production resumption in 2027. Additionally, Anfield initiated the construction of a temporary man camp and entered into investor relations and market-making agreements to support its strategic objectives.
Key Highlights
- Anfield Energy is advancing the renewal and reactivation of its Shootaring Canyon Uranium Mill license with the Utah Department of Environmental Quality.
- The company completed drilling 8 additional monitoring wells, a key requirement for resuming full operations.
- Preparatory refurbishment work has begun at Shootaring, including the removal of existing leach tanks.
- Anfield expects to complete the license renewal by year-end and aims to resume production in 2027.
- A new temporary man camp for up to 40 workers is under construction, expected to be completed by year-end.
- The company entered an investor relations agreement with CorProminence LLC for US$25,000 monthly, increasing to US$40,000 after four months.
- Anfield also signed a market-making agreement with Generation IACP Inc. for C$8,500 monthly.
- The mill is targeting an upgraded throughput capacity of 1,000 tons per day.
Price Impact
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