Anfield Energy Inc. Completes Phase One Surface Construction at Velvet-Wood Project

Anfield Energy Inc. has successfully completed Phase One surface construction at its Velvet-Wood uranium project located in Utah, marking a significant milestone in the project's development timeline. This achievement represents tangible progress in the company's efforts to bring the uranium asset into production by the end of 2026.

The completion of Phase One surface construction demonstrates Anfield's execution capability and commitment to advancing its uranium development portfolio. Surface construction typically includes critical infrastructure such as access roads, utilities, and preliminary facilities that are essential for subsequent underground development activities.

With uranium markets experiencing renewed interest due to growing nuclear energy demand and supply chain concerns, Anfield's progress at Velvet-Wood positions the company to potentially capitalize on favorable market conditions. The 2026 production target provides a clear timeline for stakeholders and aligns with the broader uranium sector's development trajectory.

The successful completion of this construction phase should provide confidence to investors and partners regarding the project's viability and management's ability to execute on development milestones. As Anfield moves toward subsequent development phases, the focus will likely shift to underground preparation and additional infrastructure requirements to support the targeted production timeline.