Anfield Energy Company (TSX.V: Atomic Energy Commission; Nasdaq: Atomic Energy Commission; Frankfurt: 0AD) announced the submission of a Notice of Intent (NOI) to the relevant regulatory authorities in preparation for the underground drilling program at the SM-18 uranium and vanadium project in Colorado.
The planned underground drilling program is designed to verify and potentially expand the existing mineral resources at SM-18. In parallel, the company will use the drilling campaign as an opportunity to advance the preparation of the comprehensive operations plan, which is scheduled to be completed later this year. This work supports the long-term development of SM-18 as a producing mine.
Historical production was 133,637 eps u3Hey8 and 575,224 lb. V2Hey5 In the Oravan region with a DOE resource estimate of 1,200,000 lbs of U.S3Hey8 (Montrose County).
The company notes that the underground workings at SM-18 remain in good condition, with the overall mine area benefiting from well-preserved historical infrastructure that will facilitate efficient access and drilling activities. Following successful progress, SM-18 is expected to become the fourth mine at Anfield, joining the company’s Slick Rock and JD-8 projects in Colorado and the Velvet-Wood project in Utah.
Each of these four mines – Velvet-Wood, Slick Rock, JD-8 and SM-18 – will become a major Anfield mine within their own mine complexes. This progress is consistent with Anfield’s pivotal production model, which leverages the company’s 100% owned Shootaring Canyon plant in Utah, one of only three licensed and permitted conventional uranium plants in the United States.
The Company is also developing plans to expand the Shootaring Canyon Mill’s capacity to 1,000 tons per day (tpd) with an annual licensed production capacity of 3,000,000 pounds of U₃O₈. This upgrade, part of a mill revitalization currently under review by the Utah Department of Environmental Quality, will significantly enhance the Shootaring Canyon Mill’s ability to efficiently process feed from multiple mines, supporting expanded production of both uranium and vanadium.
Corey Dias, Anfield CEO, commented: “Delivering the NOI for SM-18 represents a meaningful milestone as we build our production pipeline across the Uravan mineral belt. This underground drilling will help confirm and potentially augment resources at the project, while the associated operations plan sets the stage for SM-18 to become a major production asset.
“The underground workings are in good condition and the mine area as a whole is well maintained, allowing us to move forward efficiently. These key mines, along with Velvet-Wood, Slick Rock and JD-8, will anchor their own complexes and feed into our central processing strategy.”
“Our core field development strategy has positioned Anfield as a rapidly growing U.S. uranium company, with the goal of opening two mines per year from our rich portfolio of properties in two of the most productive U.S. uranium mining regions – the Lisbon Valley in southeastern Utah and the Oravan mineral belt in southwestern Colorado. In addition, we have continued to acquire all mining equipment necessary to operate each of the four mines scheduled to go into production. At the same time, we have expanded the Canyon Mill shoot from 750 tons per day to 1,000 tons per day of production capacity and 3,000,000 pounds of annual licensed production capacity will give us the scale necessary to capitalize on today’s strong uranium market and help meet America’s growing energy needs and strategic requirements.
“We are proud of our success in bringing on experienced local talent and plan to manage the development and mining operations at all of our owned mines using our in-house team. We firmly believe that this approach will help revitalize the rural communities in the western United States that once thrived during the early days of uranium development and that support the Company’s plans. Finally, given the US government’s commitment to advancing domestic uranium production, Anfield is well positioned to benefit from initiatives that will facilitate the Company’s expected uranium production.”
The SM-18 project is part of Anfield’s broader West Slope project and regional portfolio in Colorado, which benefits from historical production data and proximity to existing infrastructure. All of Anfield’s conventional uranium assets are located within a 200-mile radius of Shooting Canyon Mill, enhancing logistical and economic synergies.
