Business UpdateJun 15, 2026, 07:56 AM
Anfield Energy Receives First Custom Haul Truck for Uranium Mines
AI Summary
Anfield Energy Inc. announced a significant milestone in its equipment procurement program, receiving the first custom-built underground haul truck from Young's Machine Company. This delivery is a crucial step towards advancing the company's production goals, with the truck initially deployed at the Velvet-Wood mine and later at Colorado mines. Additionally, Anfield secured a further agreement with Young's for underground loaders to support operations at Velvet-Wood, JD-8, and Slick Rock, reinforcing its hub-and-spoke model and commitment to a robust American uranium supply chain.
Key Highlights
- Received first custom-built underground haul truck from Young's Machine Company.
- Truck to operate initially at Velvet-Wood uranium-vanadium mine in Utah.
- Will be relocated to Anfield's Colorado mines later in the year.
- Reached further agreement with Young's for supply of underground loaders.
- Equipment to support initial development and production at Velvet-Wood, JD-8, and Slick Rock.
- Advances Anfield Energy towards its hub-and-spoke production model.
- Reinforces commitment to local supply chains for domestic uranium production.
Price Impact
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