Anfield To Commence Confirmation Drill Program at Its JD-7 Mine
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Anfield To Commence Confirmation Drill Program at Its JD-7 Mine
VANCOUVER, BRITISH COLUMBIA -- GLOBE NEWSWIRE – August 25, 2025 — Anfield Energy Inc. (TSX.V:
AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has
received approval for its Notice of Intent (“NOI”), through its wholly owned subsidiary Highbury Resources
Inc., with the Colorado Division of Reclamation, Mining and Safety (“DRMS”), to begin a 20 -hole, 8,000-
foot rotary drill program at the existing JD-7 open pit mine in Montrose County, Colorado. The Company
has engaged Tri Park Drilling to undertake the program and expects drilling to commence in mid -
September and take approximately two weeks to complete. The purpose of the in-field exploratory drilling
program is to : 1) collect geologic information related to uranium mineralization in multiple sandstone
hosted deposits throughout the area ; 2) confirm the existing pit resources ; 3) confirm the extent and
location of underground uranium and vanadium resources; and 4) consider potential uranium and
vanadium resource expansion.
Corey Dias, Anfield’s CEO, commented: “With Anfield’s imminent Nasdaq listing, w e are very pleased to
secure approval for our drill program at our JD -7 mine at this time, one of the twenty-one DoE leases –
each consisting of a uranium and vanadium mine – which the Company holds in Colorado . As we also
continue to work with the State of Utah’s Department of Environmental Quality to finalize approval of our
reactivation plan for Shootaring, it is important to note that the proposed amendment to our radioactive
materials license – which increases both mill throughput and annual production capacity – will allow the
Company to expand its hub- and-spoke uranium and vanadium production model through the receipt of
mill feed from additional mines such as JD-7.
“Following the environmental permit approval for the Company’s Velvet -Wood mine in May – and the
subsequent advancement of this asset toward mine construction – along the Company’s upcoming Plan of
Operations submittal to the Bureau of Land Management (“BLM”) for its Slick Rock mine, Anfield continues
to advance its pipeline of near-term uranium and vanadium projects in anticipation of mill restart in 2027.
“Finally, we are encouraged by the recent news regarding the U.S. Department of Energy’s Office of
Nuclear Energy establishing the Defense Production Act Consortium, which will seek out industry
participants to help develop action plans to facilitate nuclear supply chain capacity, including uranium
mining and processing. The U.S. Administration’s continued commitment to both establish and secure
domestic energy sources, and the enthusiasm shown by government Agencies responsible for
implementing this work, provides Anfield with a near -term pathway to produce and contribute to
significant domestic uranium demand”.
The JD-7 open pit mine has had historical production as shown in Table 1.1 below and the current mineral
resources are summarized in Table 1.2.
Table1.1. JD-7 Historical Production
HISTORICAL PRODUCTION
DOE Lease County Tons Uranium
Grade
(%U3O8)
Contained
Uranium
(lbs U3O8)
Vanadium
Grade
(%V2O5)
Contained
Vanadium
(lbs V2O5)
V/U ratio
C-JD-7 Montrose 12,441 0.186 46,280 0.504 125,410 2.71
Table 1.2. JD-7 Mineral Resource Estimates*
DOE
Lease
County Tons Uranium
Grade
(%U3O8)
Indicated Mineral
Resource
Contained Uranium
(lbs U3O8)
Vanadium
Grade
(%V2O5)
Inferred Mineral
Resource
Contained
Vanadium
(lbs V2O5)
V/U
ratio
C-JD-7 Montrose 865,000 0.196 3,385,000 0.98 16,925,000 5
* “US DOE Uranium/Vanadium Leases JD-6, JD-7, JD-8, AND JD-9, Montrose County, Colorado, USA,
NI 43-101 Mineral Resource”, dated February 25, 2022, BRS Inc. 2022.
While no formal economic evaluation, Preliminary Economic Assessment (PEA), Preliminary Feasibility
study (PFS), or Feasibility Study (FS) has been completed and while mineral resources are not mineral
reserves and do not have demonstrated economic viabili ty, reasonable prospects for future economic
extraction were applied to the mineral resource estimate herein through consideration of grade and GT
cutoffs and by screening out areas of isolated mineralization which would not support the cost of
conventional mining under current and reasonably foreseeable conditions.
Qualified Persons
Douglas L. Beahm, P.E., P.G., principal engineer at BRS Inc., is a Qualified Person as defined in NI 43-101
and has reviewed and approved the technical content of this news release.
About Anfield
Anfield is a uranium and vanadium development and near-term production 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 TSX-Venture Exchange (AEC-V),
the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on its
conventional asset centre, as summarized below:
Arizona/Utah/Colorado – Shootaring Canyon Mill
A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring
Canyon Mill is strategically located within one of the historically most prolific uranium production areas
in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah ,
Colorado, and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s
conventional uranium assets include the Velvet -Wood Project, the Frank M Uranium Project, the West
Slope Project, as well as the Findlay Tank breccia pipe. A NI 43-101 PEA has been completed for the Velvet-
Wood Project. The PEA is preliminary in nature, and includes inferred mineral resources that are
considered too speculative geologically to have economic considerations applied to them that would
enable them to be categorized as mineral reserves and, resultantly, there is no certainty that the included
preliminary economic assessment would be realized. All conventional uranium assets are situated within
a 200-mile radius of the Shootaring Mill.
Technical Disclosure
Table 1. Anfield’s existing conventional uranium-vanadium project portfolio resources.
Project Location Classification Tons (kt)
Uranium
Grade
(% U3O8)
Contained
Uranium
(Mlbs U3O8)
Vanadium
Grade
(% V2O5)
Contained
Vanadium
(Mlbs V2O5)
Current Mineral
Resource
Estimates
Velvet-Wood Utah M & I 811 0.29% 4.6 - -
Inferred 87 0.32% 0.6 0.404% 7.3
West Slope Colorado Indicated 1,367 0.197% 5.4 - -
Inferred 1,367 - - 0.984% 26.9
Slick Rock Colorado Inferred 1,760 0.224% 7.9 1.35% 47.1
Historic Mineral
Resource
Estimates*
West Slope Historic* 630 0.31% 3.9 1.59% 20.0
Frank M Utah Historic* 1,137 0.101% 2.3 - -
Findlay Tank Arizona Historic* 211 0.226% 1.0 - -
Date
Creek/Artillery
Peak
Arizona Historic* 2,602 0.054% 2.8
Marquez-Juan
Tafoya New Mexico Historic* 7,100 0.127% 18.1
Sources for Current Mineral Resources:
Velvet-Wood: The PEA for Velvet-Wood/Slick Rock was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc., Harold H. Hutson,
P.E., P.G., Carl D. Warren, P.E., P.G., and Terence P. (Terry) McNulty, P.E., D. Sc., of T.P. McNulty and Associates Inc. (May 6, 20 23). Mineral
resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. GT cut-off varies by
locality from 0.25%-0.50%.
West Slope: NI 43-101 resource estimate for the JD- 6, JD-7, JD-8 and JD-9 properties, completed by BRS Inc. (effective March 2022). Indicated
and Inferred mineral resources estimates were developed using GT cut-off of 0.1 ft% eU3O8.
Slick Rock: The PEA for Velvet-Wood/Slick Rock was authored by Douglas L. Beahm, P.E., P.G. Principal Engineer, of BRS Inc., Harold H. Hutson,
P.E., P.G., Carl D. Warren, P.E., P.G., and Terence P. (Terry) McNulty, P.E., D. Sc., of T.P. McNulty and Associates Inc. (May 6, 20 23). Mineral
resources are not mineral reserves and do not have demonstrated economic viability in accordance with CIM standards. GT cut-off varies by
locality from 0.25%-0.50%.
* Historic Mineral Resource Estimates were prepared prior to Anfield acquiring interest in the property. The Company’s Qualified Person has not
done sufficient work to classify these historic estimates as current mineral resources and Anfield is not treating such historical resources as current
mineral resources. Historical mineral resource estimates should not be relied upon.
Sources for Historic Mineral Resources:
DOE leases, SR-11, SR-13A, SM-18 N, SM-18 S, LP-21 and CM-25 properties, were completed by Behre Dolbear for Cotter Corporation (August
2007) using cut-off of 0.05% U3O8.
Frank M: Historic Technical Report for Frank M, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G. Principal
Engineer of BRS Inc., and Andrew C. Anderson, P.E., P.G. Senior Engineer/Geologist of BRS Inc., dated June 10, 2008. Frank M hi storic resource
used a GT cut-off of 0.25%.
Findlay Tank: Historic Technical Report for Findlay Tank, prepared for Uranium One Americas, was authored by Douglas L. Beahm, P.E., P.G.
Principal Engineer of BRS Inc., dated October 2, 2008. Findlay Tank historic resource used a grade cut-off of 0.05% eU3O8.
Artillery Peak: Artillery Peak Exploration Project, Mohave County, Arizona, 43-101 Technical Report, authored by Dr. Karen Wenrich, October 12,
2010. GT cut-off varies by locality from 0.01%-0.05%.
Marquez-Juan Tafoya: The Historical Technical Report, Preliminary Economic Assessment, for Marquez-Juan Tafoya, prepared for Uranium Energy
Corporation, was authored by Douglas L. Beahm, P.E., P.G., Principal Engineer of BRS Inc., and Terence P. McNulty, P .E., PhD, McNulty &
Associates, dated June 9, 2021. The mineral resources are reported at a 0.60 GT cut-off.
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Energy, Inc.
Corporate Communications
604-669-5762
www.anfieldenergy.com
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