Plan Of Operation Submitted For The Velvet-Wood Mine

VANCOUVER - Anfield Energy, Inc. has submitted its Plan of Operation for its Velvet-Wood mine to the State of Utah and BLM. This important step is being undertaken as the Company advances Velvet-Wood to production-ready status concurrently with the Shootaring Canyon mill. This Plan of Operation includes specific operating actions and controls, reclamation actions, an estimate of reclamation surety based on third party costs and technical bases for how the actions meet the regulatory requirements of the State of Utah and the BLM. Following the approval of the Plan of Operation, Anfield will be well-positioned to recommence uranium production at Velvet-Wood ahead of the planned restart of the Shootaring Canyon mill in 2026.

Corey Dias, CEO states, “We are pleased to have submitted the Plan of Operations for the Velvet-Wood mine to the State of Utah and U.S. Bureau of Land Management. This is an important step in the Company’s plan to advance its assets to uranium production by 2026 through its hub-and-spoke strategy. When combined with both the Shootaring Canyon mill reactivation plan submitted earlier this month and a drill program expected to commence at Slick Rock this summer, Anfield remains on track to meet its near-term production goals using its core assets.”