Anfield Energy Completes 11 Monitoring Wells to Advance Mill Restart and Licensing

AECAEC

Anfield Energy drilled eight monitoring wells at its Utah Shootaring Canyon Mill and three wells at its Colorado Slick Rock Mine to collect baseline groundwater data pre-operation. These wells will underpin environmental oversight, advance licensing for the mill restart, and bolster hydrologic characterization under the company’s hub-and-spoke uranium-vanadium plan.

1. Monitoring Well Drilling Completed

Anfield Energy has completed drilling eight monitoring wells at its Shootaring Canyon Mill in Utah and three wells at its Slick Rock Mine Complex in Colorado. The wells were strategically placed near process ponds, tailings facilities and aquifers to gather baseline groundwater and hydrologic data ahead of planned operations.

2. Environmental Oversight and Licensing

These monitoring wells will underpin ongoing environmental oversight by facilitating aquifer sampling, hydrologic characterization and baseline data collection before, during and after operations. The added data supports the renewal of the mill’s radioactive materials license in Utah and informs permitting for future production at the Slick Rock site.

3. Hub-and-Spoke Strategy Advancement

This milestone advances Anfield’s hub-and-spoke uranium and vanadium strategy, centered on the Shootaring Canyon Mill as a processing hub. It follows an updated PEA indicating a 1.3-year capex payback and sets the stage for mill restart, Velvet-Wood construction, JD-8 permitting and upcoming Slick Rock development.

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