Anfield Energy Submits Restart Plan For Uranium Mill In Utah

FULL DISCLOSURE: This is sponsored content for Anfield Energy.

Anfield Energy (TSXV: AEC) has reached a major milestone, reporting this morning that it has submitted a production reactivation plan for its Shootaring Canyon mill to the Department of Environmental Quality for the State of Utah.

The reactivation plan is a key milestone in restoring production at the mill, which is one of just three conventional uranium mills that exists in the United States. As part of the plan, an increase in throughput capacity from 750 tpd to 1,000 tpd is anticipated, while the company has requested the tripling of licensed production capacity, which would increase capacity to 3.0 million pounds of uranium per year.

The plan, of course, also requests that the mills radioactive materials license gets updated from a standby status to that of an operational status.

“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. 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,” commented Anfield CEO Corey Dias.

READ: Anfield, ATHA Energy Added To Uranium Mining Index

“With uranium reaching highs of greater than US$100 per pound earlier this year, and a global environment in which demand is expected to continue outstripping supply, we believe this is the ideal time to advance our uranium assets to production.”

With the restart application now submitted, Anfield is set to begin early-stage refurbishment of the Shootaring mill, with refurbishment currently expected to be completed as soon as the application is approved.

Next steps at the mill as part of the refurbishment include vanadium circuit construction, remediation of tailings management, installation of new generators, acid tanks and fuel tanks, construction of new ore pads to enable Velvet-Wood ore to be stockpiled in advance of mill restart, and the prepping of processing circuits.

Mill restart is currently targeted for 2026.

Anfield Energy last traded at $0.10 on the TSX Venture.

FULL DISCLOSURE: Anfield Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Anfield Energy. The author has been compensated to cover Anfield Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

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