Anfield Targets Uranium and Vanadium Production Start in 2026

Corey Dias, CEO of Anfield, stated: "2025 was a pivotal year for Anfield, with regulatory greenlights, infrastructure investments, and operational milestones bringing us closer than ever to restarting U.S. uranium production. Our assets in Utah and Colorado are ideally positioned to feed the Shootaring Canyon mill in the relative near term, delivering reliable, American-sourced fuel for the nation's clean energy needs." Building on this momentum, Anfield is targeting a series of transformative production milestones in 2026 to establish itself as a leading near-term domestic uranium and vanadium producer: Commence initial uranium and vanadium production at the Velvet-Wood Mine, with delivery to the Shootaring Canyon mill soon thereafter; Achieve operational restart at the JD-8 Mine in Colorado, adding another mine to the Company's hub-and-spoke production model; Secure final radioactive materials license amendment approval and commence refurbishment of the Shootaring Canyon mill, enabling a full production restart with expanded capacity of up to 3 million pounds of uranium per year; Advance permitting and development at additional mines, including Slick Rock, to further expand the near-term resource pipeline; and Ramp up overall mine production toward an annual target contributing significantly to U.S. domestic supply, supported by long-term offtake discussions and critical mineral incentives. These goals position Anfield to capitalize on surging uranium demand driven by nuclear power expansion, AI data center requirements, and energy security priorities. Anfield's progress aligns seamlessly with broader milestones in the U.S. nuclear industry throughout 2025, driven by President Trump's executive orders in May aimed at reinvigorating the nuclear industrial base and quadrupling capacity by 2050. Key national developments include: Sweeping executive actions expediting permitting, reforming the Nuclear Regulatory Commission, and prioritizing domestic uranium enrichment and conversion to reduce foreign dependence. U.S. government's strategic recognition of uranium as a critical mineral in November, unlocking potential funding and further accelerating domestic project development. Significant investments in advanced reactors, including small modular reactors, with updated designs receiving NRC approvals and pilot programs advancing clean hydrogen production from nuclear sources. Major funding commitments, such as loans for reactor restarts and initiatives to expand high-assay low-enriched uranium production for next-generation technologies. Industry-wide efforts to bolster the nuclear workforce, secure supply chains, and power emerging demands from AI data centers and electrification. These national initiatives have created a favorable environment for companies like Anfield, emphasizing energy independence, carbon-free baseload power, and critical mineral security. Anfield remains committed to sustainable development, community engagement, and delivering shareholder value as it transitions to production. The Company is well-positioned to contribute meaningfully to America's nuclear revival and the global transition to clean energy.