Business UpdateJun 25, 2026, 08:18 AM
Anfield PEA shows 106% IRR, $606M NPV; advances production goals
AI Summary
Anfield Energy Inc. provided a corporate update highlighting significant operational and economic advancements in H1 2026. An updated Preliminary Economic Assessment (PEA) confirms robust project economics with a pre-tax IRR of 106% and NPV of US$606 million, targeting a 1.3-year payback. The company completed Phase One construction at Velvet-Wood, aiming for production by year-end 2026, and is on track for Shootaring Canyon Mill operations in 2027. Strategic acquisitions and increased shareholder backing further support its hub-and-spoke uranium and vanadium strategy.
Key Highlights
- Updated PEA shows pre-tax IRR of 106% and NPV of US$606 million.
- Projected payback period of 1.3 years on mine and mill capital expenditure.
- Pre-production capital expenditure estimated at approximately US$97 million.
- Velvet-Wood Phase One construction completed; production targeted by end of 2026.
- Shootaring Canyon Mill license conversion on track for 2027 operations.
- Acquired BRS Engineering in May 2026 to enhance in-house expertise.
- Major shareholder Uranium Energy Corp. increased its stake in Anfield.
- Entered a US$200,000 media services agreement with Goldwyn Media LLC.
Price Impact
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