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Anfield Energy closer to restarting production at Shootaring

Jocelyn Aspa Jocelyn Aspa, The Market Online
0 Comments| April 9, 2024

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  • Anfield Energy (TSXV:AEC) has submitted a production reactivation plan for its Shootaring Canyon mill to the state of Utah’s Department of Environmental Quality
  • This submission is crucial in restarting uranium production at Shootaring, which addresses updating the mill’s radioactive materials license to operating status from standby status
  • Anfield will be able to restart uranium production and start vanadium production in 2026
  • Shares of Anfield Energy are unchanged at C$0.10

Anfield Energy (TSXV:AEC) has revealed it has submitted its production reactivation plan for its Shootaring Canyon mill to the state of Utah’s Department of Environmental Quality (UDEQ).

In a news release, the Vancouver-based company stated this step is crucial to restarting uranium production at Shootaring, which addresses updating the mill’s radioactive materials license to operating status from standby status.

Anfield stated it will be able to restart uranium production and start vanadium production in 2026.

“This is an achievement which has taken close to 18 months of engineering and design input to complete and caps a decade of methodical and strategic progression in asset development,” Corey Dias, CEO of Anfield Energy, said in a statement. “Since acquiring the Shootaring Canyon mill in 2015, we have maintained the facility, waiting for the right market conditions to return the mill to production status.”

The company’s plan intends to increase mill throughput capacity to 1,000 tons per day from 750 tons per day. Meanwhile, annual uranium production is expected to increase to 3 million pounds from 1 million pounds.

The Shootaring mill is one of only three licensed, permitted and constructed conventional uranium mills in the United States.

Now that the company has submitted its application to the UDEQ, Anfield Energy can prepare for uranium mill and tailings refurbishment and vanadium circuit construction.

Anfield Energy is a uranium and vanadium development and near-term production company focused on its Shootaring Canyon Mill in Utah.

The company’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 uranium assets include the Velvet-Wood Project, the Slick Rock Project, the West Slope Project, the Frank M Uranium Project, the Findlay Tank breccia pipe as well as an additional 12 U.S. Department of Energy leases in Colorado.

Shares of Anfield Energy Inc. (TSXV:AEC) are unchanged at C$0.10.

Join the discussion: Find out what everybody’s saying about this stock on the Anfield Energy Inc. Bullboard investor discussion forum, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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