Project UpdateJul 30, 2026, 06:08 AM
Anfield Energy PEA for Shootaring Canyon Mill & Mines
AI Summary
Anfield Energy Inc. has released a Preliminary Economic Assessment (PEA) for its Shootaring Canyon mill and tributary mines in Utah and Colorado, with an effective date of May 4, 2026. The PEA outlines the reactivation of the mill to process uranium and vanadium from mines in the Lisbon Valley, Slick Rock, and Uravan Districts over a planned 15-year period. The company is also progressing with the Shootaring Canyon Mill's license renewal, expected to conclude by Q4 2026. However, the report cautions that the PEA is preliminary and includes inferred mineral resources, which do not have demonstrated economic viability.
Key Highlights
- Preliminary Economic Assessment (PEA) released for Shootaring Canyon Mill and tributary mines.
- Project targets recovery of uranium and vanadium oxides over a planned 15-year period.
- PEA covers mines in Lisbon Valley, Slick Rock, and Uravan Districts.
- Shootaring Canyon Mill license renewal application submitted April 5, 2024.
- Mill licensing process anticipated to be completed by Q4 2026.
- PEA is preliminary and includes inferred mineral resources, which are not mineral reserves.
- Douglas Beahm, Anfield's COO, co-authored the PEA but is not independent.
Price Impact
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