Anfield Energy Advances Fourth Mine in Colorado with Underground Drilling Program

Event summary

  • Anfield Energy submitted a Notice of Intent for underground drilling at its SM-18 uranium-vanadium project in Colorado on April 2, 2026.
  • The drilling aims to verify and potentially expand existing mineral resources, with a Plan of Operations targeted for completion later this year.
  • SM-18 is expected to become Anfield’s fourth mine, joining Slick Rock, JD-8, and Velvet-Wood in its hub-and-spoke production model.
  • The company is also advancing plans to expand its Shootaring Canyon Mill’s capacity to 1,000 tons per day.

The big picture

Anfield Energy’s submission of a Notice of Intent for underground drilling at SM-18 marks a strategic step in its hub-and-spoke production model, leveraging its Shootaring Canyon Mill to process feed from multiple mines. This aligns with broader industry trends toward domestic uranium production, supported by government initiatives. The company’s focus on brownfield development and in-house operational management positions it to capitalize on strong uranium market conditions and address U.S. energy needs.

What we're watching

Resource Expansion
Whether the underground drilling at SM-18 will confirm and expand existing mineral resources as anticipated.
Production Scaling
The pace at which Anfield can expand its Shootaring Canyon Mill’s capacity to support increased production from multiple mines.
Regulatory Approvals
How quickly Anfield secures necessary regulatory approvals for both the underground drilling program and mill expansion.