Anfield Energy's JD-8 Uranium Mine Restart Application Receives Initial Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
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Should l Buy AEC?
Anfield Energy announces that the Colorado Division of Reclamation, Mining and Safety, DRMS, has issued an affirmative initial completeness determination for the Company's permitting application to restart its past-producing JD-8 uranium and vanadium mine in Montrose County, Colorado. The completeness review confirms that the application package - submitted on November 19, 2025 - contains all required technical, environmental, reclamation, and financial assurance components necessary to advance to full substantive review. This milestone keeps the project on track for potential approval and mobilization in mid-2026, with a targeted production restart in the second half of 2026. The JD-8 mine forms part of Anfield's West Slope project portfolio and is underpinned by the Company's 100%-owned Shootaring Canyon mill - one of only three licensed, permitted conventional uranium mills in the U.S. The restart plan leverages existing underground workings, historical production records, and Anfield's hub-and-spoke production strategy.
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About AEC
Anfield Energy Inc. is a Canada-based uranium and vanadium development and near-term production company. The Company’s portfolio of projects includes Shootaring Canyon Mill, Velvet-Wood, Slick Rock and West Slope. Its additional projects include Marquez-Juan Tafoya Uranium, Frank M, Findlay Tank Breccia Pipes, Newsboy Gold and Artillery Peak. The Shootaring Canyon Mill is located approximately 77 kilometers south of Hanksville, Utah. The Slick Rock is an advanced-stage uranium and vanadium project located in San Miguel County, Colorado, covering approximately 4,976 acres with 268 contiguous mineral lode claims. The West Slope Project, located in Montrose and San Miguel Counties of southwestern Colorado, consists of nine Department of Energy (DOE) leases, associated with adjacent lode mining claims and leases, covering 6,913 acres. It has also entered into a definitive agreement to acquire a 100% interest in twelve DOE leases and associated data in various counties in Colorado.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financing Plan Details: The meeting will discuss a non-brokered private placement of 896,861 subscription receipts, anticipated to generate $4 million in revenue for the company, thereby strengthening its financial foundation to support future growth.
- Shareholder Voting Requirements: Approval from a simple majority of votes at the meeting is required for the participation of Uranium Energy and its associates, ensuring transparency and compliance, reflecting the company's commitment to shareholder interests.
- Information Disclosure Channels: Meeting materials have been made available on SEDAR+ and Anfield's official website, ensuring all shareholders can access relevant information promptly, enhancing the transparency and trustworthiness of the company's governance.
See More
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- One-on-One Meeting Setup: Investors are encouraged to pre-register and run system checks to expedite participation and receive event updates, ensuring smooth scheduling of 1x1 meetings with management, thereby enhancing investor relations management efficiency.
- Diverse Industry Participants: The conference will feature multiple companies in the precious metals and critical minerals sector, including Valkea Resources and Cabral Gold, showcasing innovations and developments within the industry to attract investor interest and investment.
- Enhanced Investor Engagement: Virtual Investor Conferences provide a real-time interactive platform that helps companies connect with investors more efficiently, improving their presentation capabilities and communication effectiveness, thus driving higher investor participation and market awareness.
See More
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- Share Issuance Plan: The company has agreed to issue 50,000 bonus common shares and 500,000 bonus share purchase warrants at an exercise price of C$12.50 per share, aimed at enhancing financial flexibility through capital raising.
- Regulatory Approval Requirement: The issuance of the bonus shares and warrants is subject to approval by the TSXV, which will impact the timely availability of funds and the smooth execution of the acquisition.
- Executive Appointment: Anfield Energy has appointed Lubica Niemann as CFO, reflecting the company's focus on financial management and aiming to enhance financial transparency and strategic execution capabilities.
See More
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- Equity Incentive Arrangement: To secure consent for the acquisition, the company will issue 50,000 bonus common shares and 500,000 bonus warrants to Extract, with an exercise price of C$12.50 per share, which is expected to strengthen relationships with key stakeholders.
- Related Party Transaction Disclosure: This transaction is classified as a related party transaction, with the board determining to rely on exemptions under MI 61-101, reflecting the company's commitment to governance transparency.
- Market Reaction Expectations: Despite the risks associated with TSXV approval, Anfield's strategic initiatives may enhance market confidence in its future growth potential, particularly in uranium and vanadium development.
See More
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- Policy Support: Trump's Section 232 proclamation issued on January 14, 2026, aims to protect the U.S. uranium industry through negotiations with trading partners, enhancing market confidence and accelerating project timelines.
- Funding Injection: The proclamation complements the $270 million DOE funding for uranium enrichment awarded in early 2026, which is expected to provide stronger economic incentives for domestic uranium production and promote energy independence.
- Competition Risk Mitigation: The announcement may introduce tariffs or other measures to counter subsidized uranium supplies from countries like Russia and Kazakhstan, thereby protecting domestic market prices and production.
- Strategic Positioning: Anfield Energy's Shootaring Canyon uranium mill is set to benefit from policy support, with expectations of accelerated project advancement, contributing to secure American-sourced uranium supply starting in 2026.
See More
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- Executive Appointment: Anfield Energy has appointed Lubica Niemann as Chief Financial Officer, effective January 1, 2026, bringing 15 years of financial experience, particularly in the public company sector, which is expected to significantly enhance the company's financial operations.
- Seamless Transition: Niemann's prior financial reporting support for Anfield is anticipated to facilitate a smooth transition as the company expands its US operations and meets the reporting requirements associated with its recent NASDAQ listing.
- Equity Incentive Plan: Anfield intends to grant 769,401 restricted share units and 560,572 incentive stock options effective December 31, 2025, aimed at enhancing engagement among directors, officers, and consultants, thereby improving overall company performance.
- Strategic Objective: Niemann's appointment aligns with Anfield's long-term goal of becoming a top-tier energy-related fuels supplier, and her extensive industry experience is expected to drive the company's progress toward uranium production.
See More
