Project UpdateJun 25, 2026, 09:36 AM
Anfield Energy H1 2026 Update: PEA 106% IRR, $606M NPV; Production by 2027
AI Summary
Anfield Energy provided a corporate update for the first half of 2026, highlighting significant operational, permitting, and economic advancements. The updated Preliminary Economic Assessment (PEA) confirms robust project economics with a pre-tax IRR of 106% and NPV of $606 million. The company is targeting production at Velvet-Wood by the end of 2026 and at the Shootaring Canyon Mill in 2027. Key milestones include completing Phase One construction at Velvet-Wood, acquiring BRS Engineering, and securing an underground haul truck, reinforcing its hub-and-spoke uranium and vanadium strategy.
Key Highlights
- Updated PEA shows pre-tax IRR of 106% and NPV of $606 million (8% discount rate).
- Rapid payback period of 1.3 years on mine and mill capital expenditure.
- Pre-production capital expenditure of approximately $97 million over 12 months.
- Target average annual production: 1.3 million lbs U₃O₈ and 6.4 million lbs V₂O₅.
- Velvet-Wood Phase One construction completed, targeting production by end of 2026.
- Shootaring Canyon Mill production targeted for 2027.
- Acquired BRS Engineering in May 2026 for in-house expertise.
- Entered $200,000 media services agreement with Goldwyn Media LLC.
Price Impact
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