Anfield Energy Inc.
Anfield Energy is restarting a multi-asset US uranium-vanadium portfolio: Velvet-Wood (Utah) is fully permitted and under construction with a groundbreaking held and first production possible in 2026; the past-producing Shootaring Canyon Mill (Utah) is mid-relicensing, targeting 2027 production; and JD-8 (Montrose County, Colorado) is in permitting, targeting a H2 2026 restart. Uplisted to Nasdaq Sept 2025 (also still trades TSXV and Frankfurt). Cash of US$5.81 million against debt of US$9.22 million leaves a negative net cash position -- flagged honestly.
Notable vs. Peers
- Trading within 7% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Construction Milestones
3 of 5 reached- Reached — date not disclosed · Velvet-Wood (Utah) fully permitted
- Nov 2025 · No press release uses the words 'construction decision' or 'FID' -- this was an expedited, small-capex restart (mine reopening/dewatering, not a full new build) fast-tracked under 2025 federal critical-minerals executive orders, with no discrete project-financing gate the way larger builds have. The Nov 6, 2025 groundbreaking ceremony ('official launch of construction activities') a few weeks after Utah's final construction permit and the May 2025 DOI approval is the best-evidenced point the company committed to build, and is used here rather than the (undated) CONSTRUCTION_START row already on file. · Source
- Reached — date not disclosed · Under construction with a groundbreaking held
- Not yet reached
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
CEO, Co-Founder and Director of Anfield Energy Inc., with a 20-year track record in capital markets that began in institutional equity research at CIBC and continued with boutique investment firms in Toronto. Served as Vice President at Fortress Investment Group, a US-based hedge fund, where he was involved in managing a $400 million investment portfolio, and earlier worked in Stockholm as a management consultant for The Monitor Group. MBA, Richard Ivey School of Business, University of Western Ontario.
Chief Financial Officer of Anfield Energy Inc. Financial professional with fifteen years of experience in accounting and financial reporting, primarily within the public company sector, including controller roles at several TSXV-listed companies; brings a hands-on approach to financial operations, reporting and audit coordination. Bachelor of Technology in Accounting, British Columbia Institute of Technology.
Chief Operating Officer of Anfield Energy Inc. (PE, PG) Engineering graduate of the Colorado School of Mines with 50 years of professional and managerial experience in natural resource exploration, mine and mill development, operations, environmental permitting and mine reclamation. Held senior positions with Homestake Mining, Union Carbide Corporation and AGIP before establishing the engineering consulting firm BRS, Inc.; his uranium expertise spans both In Situ Recovery and hard rock conventional projects in the United States and Paraguay.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Uranium Energy Corp, a genuine operating US uranium producer, became Anfield Energy's controlling shareholder in early 2026 through a cash-subscribed US$4 million investment, formally approved as a control person at a special shareholder meeting in February 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Updated combined PEA for Anfield's hub-and-spoke strategy (Velvet-Wood Uranium-Vanadium Project, Utah + Slick Rock Uranium-Vanadium Project, Colorado, both processing through the Shootaring Canyon Mill, Utah), effective 4 May 2026 (supersedes the original 2023 PEA: pre-tax IRR 40%, pre-tax NPV8% US$238M, at US$70/lb U3O8): post-tax NPV8% US$533M, post-tax IRR 97% (pre-tax NPV8% US$606M, pre-tax IRR 106% -- not used, repo convention is the after-tax headline), 15-year mine life, 1.3-year payback, at US$100/lb U3O8 and US$9/lb V2O5. Groundbreaking ceremony for Velvet-Wood held 6 Nov 2025 -- consistent with this miner's CONSTRUCTION stage. ouncesFound left null: Velvet-Wood M&I resource is 0.63M tons containing 4.3M lb eU3O8 (+544,000 lb Inferred); Slick Rock Indicated resource is 0.8M lb eU3O8 (+9.1M lb Inferred) -- both in lbs U3O8, not troy ounces, per the repo-wide ouncesFound/uranium unit mismatch (Task #324, open question, see script header). [Task #529 update, Aug 2026]: ouncesFound now written as 5,100,000 lb U3O8 (unit=lb, Task #529 resolves the prior structural null), combining Velvet-Wood's Measured+Indicated 4.3M lb eU3O8 and Slick Rock's Indicated 0.8M lb eU3O8 -- both already disclosed in this note's own prose above (Anfield's updated 4 May 2026 hub-and-spoke PEA). Inferred-only tonnage at both deposits (544,000 lb at Velvet-Wood, 9.1M lb at Slick Rock) excluded per Measured+Indicated-only convention.