Affirmative Completeness Review Of The Shootaring Mill Restart Application State Of Utah

VANCOUVER - Anfield Energy, Inc. has received an affirmative completeness review from the State of Utah’s Department of Environmental Quality (UDEQ) with respect to its Shootaring Mill production restart application. This affirmation allows for the detailed technical review of the mill application to proceed, which represents a critical step towards the restart of uranium production at Shootaring. The comprehensive application is designed to both update the mill’s radioactive materials license from its current standby status to operational status and increase both throughput capacity and licensed output capacity at the mill. Following both the approval of the restart application and subsequent mill refurbishment, the Company will be well-positioned to recommence uranium production and commence vanadium production in 2026, joining a small number of its peers as a U.S.-based uranium producer.

Corey Dias, CEO, said, “We at Anfield are pleased with Utah DEQ’s finding of a complete production restart application for Shootaring, an application which has taken over a year of engineering and design input to complete. The application addresses two goals: first, an upgrade to our current radioactive materials license to operational status, and second, a change in mill throughput capacity to 1,000 tons per day from 750 tons per day and our proposed increase in our licensed annual uranium production capacity to 3 million pounds from 1 million pounds.

We have seen significant technical advancement with regard to our assets over the last few months: the submittal of the mill restart application in April; the submittal of a Plan of Operations for the Velvet-Wood mine in May; the receipt of approval for a drill program at Slick Rock in June; and now, the confirmation of the completeness review of the mill restart application.  

Since acquiring the Shootaring Canyon mill in 2015, we have maintained the facility with an eye to the right market conditions which that would allow us to make the most of the opportunity and return the mill to production-ready status. Following this announcement, we expect to commence early-stage refurbishment of Shootaring during the next review phase of the restart application, positioning the Company to complete refurbishment as soon as the restart application is approved, with the Company targeting a 2026 mill restart date.”