StockWatch
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Metal Mining
Project UpdateJun 15, 2026, 07:28 AM

Anfield Energy receives first custom haul truck, secures more loaders

AI Summary

Anfield Energy Inc. announced a key milestone in its equipment procurement program, receiving the first custom-built underground haul truck from Young's Machine Company. This truck is slated for operation at the Velvet-Wood uranium-vanadium mine and will later move to Colorado mines. Additionally, Anfield secured an agreement with Young's for more underground loaders, which will support initial development and production at Velvet-Wood, JD-8, and Slick Rock, marking a significant step towards production and strengthening the domestic uranium supply chain.

Key Highlights

  • Anfield Energy received its first custom-built underground haul truck from Young's Machine Company.
  • The truck is initially slated for operation at the Velvet-Wood uranium-vanadium mine in southeastern Utah.
  • It will later be relocated to Anfield's Colorado mines once larger underground haul trucks are delivered.
  • Anfield reached a further agreement with Young's to supply additional underground loaders.
  • The new equipment will support initial development and production at Velvet-Wood, JD-8, and Slick Rock mines.
  • This delivery marks an integral step forward as Anfield advances toward production.
  • The partnership reinforces Anfield's commitment to a robust American supply chain for domestic uranium production.