Project UpdateMay 4, 2026, 11:34 AM
Anfield Energy PEA Shows 106% Pre-Tax IRR, $606M NPV for U/V Projects
AI Summary
Anfield Energy announced strong results from its updated Preliminary Economic Assessment (PEA) for its Utah and Colorado uranium and vanadium projects, including Velvet-Wood, Slick Rock, and West Slope Mines. The PEA indicates a pre-tax Internal Rate of Return (IRR) of 106% and a Net Present Value (NPV) of US$606 million, with a rapid 1.3-year capital expenditure payback period. The company plans to leverage its Shootaring Canyon Mill as a centralized processing facility, with estimated total pre-production capital expenditures of US$97 million. This assessment outlines a clear path towards commercial development and positions Anfield to benefit from an improving uranium market.
Key Highlights
- Pre-tax IRR of 106% and post-tax IRR of 97% for the combined projects.
- Pre-tax NPV of US$606 million and post-tax NPV of US$533 million at 8% discount rate.
- Expected mine and mill capex payback period of 1.3 years.
- Average annual production of 1.3M lbs uranium and 6.4M lbs vanadium over 15 years.
- Total pre-production capital expenditures estimated at US$97 million.
- Mill-related capex at Shootaring is US$80.1 million; mine-related capex is US$37.5 million.
- Life of Mine costs estimated at US$173 million, including sustaining capital.