From GlobeNewswire: 2025-05-27 07:00:00

In a move to strengthen the U.S. nuclear industrial base, Anfield Energy’s Velvet-Wood mine is the first uranium project approved under Trump’s energy independence policy. DOI completed environmental permitting in just 14 days, signaling a shift towards domestic nuclear fuel supply support. Anfield’s strategy positions the company to enhance U.S. energy security.

The approval of the Velvet-Wood mine aligns with Trump’s Executive Orders to revitalize the nuclear industry. Anfield Energy’s CEO praises the expedited review process and plans to advance the project towards production. With U.S. uranium assets, including a key mill, the company is well-positioned to meet the nation’s nuclear fuel demands.

Anfield acquired the Velvet-Wood mine in 2015, with past production yielding significant uranium and vanadium. The current mineral resources estimate at Velvet-Wood shows promising uranium grades and quantities. Anfield’s commitment to sustainable growth in its assets reflects its goal to become a leading energy fuels supplier in the industry.

Anfield’s conventional uranium assets, including the Velvet-Wood Project and Slick Rock Project, are strategically located near the Shootaring Canyon mill. The company’s diversified portfolio aims to contribute to the American uranium renaissance. Anfield’s pursuit of a NASDAQ listing underscores its commitment to advancing U.S. production strategies and meeting domestic energy needs.



Read more at GlobeNewswire: U.S. Department of the Interior Greenlights Anfield’s