Anfield Energy Inc. Receives ATF Blasting Permits for Utah and Colorado Mines
Anfield Energy Inc. Receives ATF Blasting Permits for Utah and Colorado Mines
VANCOUVER, British Columbia – GLOBE NEWSWIRE – July 7, 2026 — Anfield Energy Inc.
(NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to
announce that it has received its blasting permits from the U.S. Bureau of Alcohol, Tobacco,
Firearms and Explosives (ATF) for its mines in both Utah and Colorado (the “ATF Permits”).
This important regulatory milestone enables Anfield to initiate a drilling and blasting campaign
within the coming weeks at the Velvet-Wood project (“Velvet-Wood”) to access new portions of
the mineralized materials that were not reachable by the historic workings. The ATF Permit for
Colorado further positions the Company to commence mining at its JD-8 mine immediately
upon completion of remaining permitting, expected later this year.
The receipt of these ATF Permits is a critical step in the Company’s development plans. It marks
the transition from rehabilitation and surface preparation to active underground mining
operations. At Velvet-Wood, Anfield is preparing for conventional room-and-pillar underground
mining, a proven method historically used successfully in the Lisbon Valley district. This
approach involves systematically extracting mineralized material in a grid-like pattern of
“rooms” while leaving pillars of ore or rock in place to support the roof, ensuring safe and
efficient extraction of uranium-vanadium mineralization in the sandstone-hosted deposits.
Corey Dias, CEO of Anfield, commented: “Receiving the ATF Permits for our Utah and Colorado
mines is a major milestone that unlocks our ability to advance underground development. At
Velvet-Wood, this will allow us to drill and blast new sections of the mineralized materials,
transitioning us from development to active mining activities in one of America’s premier
uranium districts.
These ATF Permits are especially significant as Velvet-Wood was the first uranium mine
advanced under the current administration. Anfield is proud to contribute to the national effort
to expand domestic nuclear capacity and strengthen U.S. energy security. We remain on track to
return the Velvet-Wood mine to production by the end of 2026.”
Lisbon Valley is one of the largest and most productive uranium mining districts in the United
States, with historical production totaling approximately 78 million pounds of U₃O₈ between
1948 and 1988. The significance of advancing Velvet-Wood under the current ATF Permits is
underscored by the fact that the Velvet-Wood mine last produced in 1984, and the broader
district was largely shuttered by 1988. For more than 40 years, this resource has awaited the
resurgence of the U.S. uranium industry.
This progress aligns with Anfield’s hub-and-spoke strategy, leveraging the fully permitted
Shootaring Canyon Mill in Utah alongside its high-quality uranium-vanadium assets in Utah and
Colorado.
ENERGY INC.
ANFIELD
www.anfieldenergy.com
Office: 604-669-5762
Fax: 604-608-4804
TSX.V : AEC
NASDAQ : AEC
Frankfurt : 0AD
Head Office:
4390 Grange Street,
Suite 2005,
Burnaby, B.C. V5H 1P6
About Anfield
Anfield is a uranium and vanadium development company that is committed to becoming a top-
tier energy-related fuels supplier by creating value through sustainable, efficient growth in its
assets. Anfield is a publicly traded corporation listed on the NASDAQ (A EC-Q), the TSXV (AEC -V)
and the Frankfurt Stock Exchange (0AD).
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
N e i t h e r t h e T S X V n o r i t s R e g u l a ti o n S e r v i c e s P r o v i d e r ( a s t h a t t e r m i s d e fi n e d i n p o l i c i e s o f t h e T S X V ) a c c e p t s
responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Energy, Inc.
Corporate Communications
604-669-5762
contact@anfieldenergy.com
www.anfieldenergy.com
This news release contains forward-looking statements and forward-looking information (together, “forward-looking
statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of
historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use
of terminology such as “seek” , “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”,
“believe”, “predict”, “potential”, “target”, “may ”, “could”, “would”, “might” , “will” and similar words or phrases
(including negative variations) suggesting future outcomes or statements regarding an outlook or statements that
certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved” (including negative
variations). Forward -looking statements in this release include, but are not limited to, statements regarding the
Company’s business plans, objectives and strategies of operations, including, without limitation, the Company’s plans
for advancing Velvet -Wood and the JD-8 mine. Forward- looking statements involve risks, uncertainties and other
factors that could cause actual results, performance and opportunities to differ materially from those implied by such
forward looking statements. Factors that could cause actual results to differ materially from these forward- looking
statements include, among other things: risks that the anticipated benefits from the ATF Permits may not be realized
as contemplated, or at all; risks that the Company may not be able to advanc e Velvet-Wood and the JD-8 mine as
contemplated, or at all ; the risks and uncertainties relating to exploration and development; the ability of the
Company to obtain additional financing; the need to comply with environmental and governmental regulations in
Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition
and other risks and uncertainties and other such factors as are set forth in the annual information form for the
Company’s most recently completed year end, as well as the management discussion and analysis and other
disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes
that the information and assumptions used in preparing the forward- looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by
applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.