Anfield Energy Completes Phase One at Velvet-Wood Project

Key Highlights

• Anfield Energy completed Phase One surface construction at its Velvet-Wood uranium and vanadium project.
• The company is now advancing to Phase Two of mine construction at Velvet-Wood.
• Initial underground development activities are expected to commence within the next 30 days.
• Phase Two is expected to last approximately 6 months, focusing on dewatering and rehabilitation.
• Anfield Energy remains on track to resume production at Velvet-Wood by the end of 2026.
• Phase One involved stripping 4,500 cubic yards of topsoil and building/improving nearly 3 miles of roads.
• The mine ID was activated with the U.S. Mine Safety and Health Administration.
• The Papoose limestone quarry was restarted to supply aggregate for site construction.