US approves Velvet-Wood uranium-vanadium mine to bolster mineral security
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 26 2025
0mins
Source: Yahoo Finance
Approval of Mining Project: The US Department of the Interior has approved Anfield Energy's Velvet-Wood uranium-vanadium mine in Utah, marking the first project to be fast-tracked under a new 14-day environmental review process aimed at enhancing national mineral security.
Impact on Mineral Dependence: This project is expected to reduce the US's reliance on foreign imports for critical minerals like uranium and vanadium, which are essential for nuclear energy and military applications, while also generating local employment and improving infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
