Anfield Secures Utah Approval for Velvet-Wood Dewatering, Targets November Start — Anfield Energy Inc.

Event summary

Anfield received Utah Division of Water Quality Concept Approval for Velvet-Wood's water treatment plan.
Company submitted request to reactivate Outfall for treated-water discharge, targeting November 7 commencement.
First underground blast at Velvet-Wood in nearly 40 years occurred on August 27, with 700 feet of decline rehabilitated.
Active dewatering expected to take ~1 month for decline, 2-3 months for underground workings.
Velvet-Wood is central to Anfield's hub-and-spoke strategy anchored by Shootaring Canyon Mill.

The big picture

Anfield's progress at Velvet-Wood represents a critical step in reactivating dormant U.S. uranium-vanadium capacity. The project's integration with Shootaring Canyon Mill aligns with broader industry trends toward domestic energy security, particularly as the U.S. consumes 50M lbs of uranium annually while producing only a fraction. Success here would position Anfield among the few operators capable of supplying this strategic market segment.

What we're watching

Execution Timing: Whether Anfield can maintain its November discharge target given regulatory dependencies.
Hub Integration: How quickly Velvet-Wood can contribute to Shootaring Canyon Mill's processing capacity.
Market Positioning: The pace at which Anfield can establish itself as a domestic uranium-vanadium supplier amid U.S. energy needs.