Project UpdateJun 30, 2026, 08:19 AM
Anfield Energy hosts Utah legislators at Velvet-Wood project
AI Summary
Anfield Energy Inc. announced that the Utah Division of Oil, Gas and Mining (DOGM) will host a legislative delegation for an informational tour of its Velvet-Wood uranium-vanadium project on August 12, 2026. The tour will showcase the project's rapid advancement, driven by expedited federal permitting in May 2025 and state approval in October 2025. The company has completed Phase One surface construction in 2026 and is on track for first production by the end of 2026, highlighting the impact of supportive legislative and regulatory frameworks.
Key Highlights
- Utah legislators to tour Anfield Energy's Velvet-Wood uranium-vanadium project on August 12, 2026.
- Project received expedited federal permitting in May 2025 and state approval in October 2025.
- Groundbreaking occurred in November 2025, with Phase One surface construction completed in 2026.
- Velvet-Wood project remains on track for first production by the end of 2026.
- The project has historical output of approximately 4 million pounds of U3O8 and 5 million pounds of V2O5.
Price Impact
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